SHAK - Why Cracker Barrel and Shake Shack Shares Are Down Today but Zoom Video Stock Is Up
After a three-day uninterrupted run higher, it appears that stock markets have decided to end this week on a down note. With just two hours to go in the trading week, the Nasdaq and S&P 500 indexes were both lower by about 2%, with some individual stocks faring much worse -- but at least one faring much better.
As of 1:55 p.m. EDT on Friday, we're seeing the stock of Cracker Barrel Old Country Store (NASDAQ: CBRL) down 14%, and shares of fellow restaurateur Shake Shack (NYSE: SHAK) down 11.1%. On the other hand, Zoom Video Communications (NASDAQ: ZM) is enjoying a 7.4% surge.
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