06.01.2017 19:42:05

Shake Shack Pulling Back After CFO Announces Retirement

(RTTNews) - After moving notably higher over the three previous sessions, shares of Shake Shack (SHAK) are giving back some ground during trading on Friday. Shake Shack is currently down by 7.7 percent after ending Thursday's trading at a nearly five-month closing high.

The pullback by Shake Shack comes after the casual restaurant chain said Jeff Uttz will retire as Chief Financial Officer in 2017. The company also appointed Zach Koff as its first Chief Operating Officer.

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Shake Shack 129,05 0,58% Shake Shack