Shake Shack shares are going nuts

Shake Shack shares are going nuts.

Shares of the hamburger chain climbed by more than 9% in afternoon trading on Tuesday to as high as $US58.79 per share.

That’s an all-time high for the company, which went public in January.

There was no immediate news on the company.

The stock is now nearly 17% higher since its IPO, and has rallied 9% this week.

It jumped by over 120% on its first day of trading.

Here’s a chart showing the price movements over the last 5 days:

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.