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SHAK - Dine-in restaurant chains take a hit off COVID-19 developments
Shake Shack Inc. Class A
Restaurant stocks are falling again on more investor concerns over COVID-19. In a nutshell, while an increase in positive cases amid more testing and reopenings was anticipated, a higher number of hospitalizations is becoming a higher priority concern to administrators in Texas, Florida, North Carolina, Tennessee and Arizona. The resulting sentiment is more anxiety over restaurant traffic.
More news on: Denny's Corporation, Dave & Buster's Entertainment, Inc., The Cheesecake Factory Incorporated, Consumer stocks news, Stocks on the move,