A stock market that has been gyrating insanely all month on its way to a 3% loss can be forgiven for seeking solace in a buzzy initial public offering. But that in itself doesn't make Shake Shack, the star IPO of the moment, a good buy.
$$$ German and British Regulators Examining Deutsche Bank’s Controls and Reporting [Dealbook] $$$ Shake Shacks Surge In Market Debut [WSJ] $$$ Secret hedge fund shorts revealed [NetNet] $$$ Tom Brady’s $2.6 Million Super Bowl Pay Cut...Show More Summary
They want vegan milkshakes. Cult-loved burger chain Shake Shack went public today, and the stock price shot through the roof thanks in part to... PETA. Yes, People for the Ethical Treatment of Animals. According to a press release, PETA...Show More Summary
In honor of its initial public offering, the fast-food chain handed out thousands of 'Shack' burgers at the steps of the New York Stock Exchange.
Spencer Platt/Getty Images By Sinead Carew NEW YORK -- U.S. stocks ended lower Friday after a volatile session as investors worried about weak U.S. growth data and whether instability in Europe could hurt corporate earnings in the United States, at the end of a rough month for the market U.S. Show More Summary
Shake Shake’s red hot IPO and first day of trading Friday—with shares opening at $47, up 124%—are creating high expectations for the company that started out as a humble hot dog... To view the full story, click the title link.
After an IPO double, Shake Shack CEO Randy Garutti thinks investors will be patient with Shake Shack's growth plan.
At $48, Shake Shack's shares look significantly overpriced
Today, the New York Stock Exchanged was renamed the New York Shack Exchange. Today is a day that will go down in New York Stock Exchange History: The exchange was temporarily renamed the New York Shack Exchange in honor of NY-based burger giant Shake Shack's IPO, which went live on the trading floor this morning. Show More Summary
Hamburger fans, rejoice: Better burgers are winning the fast-food wars. On Wednesday, McDonald’s—the biggest and most successful brand in fast food—announced hat its current CEO, Don Thompson, would be stepping down. The departure comes...Show More Summary
It was a busy day. Two big themes emerged: the consumer is strong, but businesses are cutting back. First, the scoreboard: Dow: 17,169.5, -247.3, (-1.4%) S&P 500: 1,995.3, -25.9, (-1.2%) Nasdaq: 4,635.2, -48.1, (-1.0%) And now the, top stories: 1. Show More Summary
Shake Shake was already popular on Wall Street for its burgers, fries and shakes. But its hottest menu item on Friday was its stock, except perhaps for the free hamburgers.
ShackBurgers for all. Right this minute, Danny Meyer is killing it even more than usual: Shake Shack officially debuted on the New York Stock Exchange — dubbed the "New York Shack Exchange" for the day — and the company is celebrating by handing out free food. Show More Summary
Shares of the roadside-style burger chain are soaring in its first day of trading as a public company
Shares of Shake Shack more than doubled on the first day of trading
Danny Meyer’s hot dog stands went public today. Get your close guesses in by 3:45PM, using standard Price Is Right rules. Winner receives his or her choice of a Shack gift card or coasters, which we just found out today are a thing.Show More Summary
The "modern day 'roadside' burger stand" that started in New York is now global. Continue reading ? The post America’s burger renaissance evident with Shake Shack IPO appeared first on PBS NewsHour.
Shares of burger chain Shake Shack (SHAK) are soaring more than 130% today to $48 on their first day of trading, after pricing at $21 per share. With 36 million outstanding shares, the company (which owns 21 restaurants and franchises another 19) is worth a whopping $1.75 billion. Show More Summary
Restaurateur Danny Meyer's popular burger chain Shake Shack appears to be preparing for an incredibly high initial public offering. Sources tell Bloomberg that the company could be valued as high as $1 billion. The IPO — which was first reported last month — could take place by the end of the year. Show More Summary