Jim Cramer Breaks Down Shake Shack's (shak) Ipo

NEW YORK (TheStreet) -- Shares of Shake Shack opened at $47 on Friday, the day of the burger chain's IPO, well above its initial public offering price of $21. TheStreet's Jim Cramer says the bar has been set too high here and notes the company had upped the IPO price numerous times.

BING NEWS:
  • Shake Shack seemingly shades Chick-fil-A with announcement of free chicken sandwiches on Sundays
    Shake Shack announced April 4 that every Sunday in the month of April, customers can get a free Chicken Shack with a minimum $10 purchase.
    04/7/2024 - 5:42 am | View Link
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