Shake Shack Rallies After Q1 Beat

Shake Shack

shares are trading higher by $$2.43 at $36.69 in Friday's session. The catalyst for the rally is a Q1 beat for EPS of $0.03 with a $2M more in revenues. This follows a beat by Jack IN The Box (NASDAQ: JACK0, which rallied nearly $10 off its report. After a higher open, it immediately peaked at $37.20 before reversing course. The ensuing decline found support just ahead of Thursday's high )$34.98), only reaching $35.06 before roaring back to challenge the highs for the day.