Jack In The Box Find Sellers Just Ahead Of All-Time High

Jack in the Box Inc. JACK shares are trading higher by $7.61 at $109.50 in Wednesday's session.

In torrid after-hours trading, the stock spiked down to $92.98 before ripping to $115.00. The catalyst for the incredible volatility was its Q2 report that saw an adjusted EPS beat of $0.07 with slightly higher sales. The company lowered its FY2017 EPS guidance to $4.10 to $4.30 vs. $4.35 estimates.

The guidance explains the drop in price, but traders are still searching for the reason for the $22.00 rebound off the after-hours low.

After a higher open, Jack in the Box continued in that direction but found resistance just ahead of its all-time high from December ($113.30) at $112.85 and reversed course. It has continued to make new lows for the session, with the current one standing at $109.00 as of 10:15 a.m. ET.