Why Shake Shack, Wendy's, and Yum! Brands Stocks Popped Today
Shares of fast-food restaurant stocks including Shake Shack (NYSE: SHAK), Wendy's (NASDAQ: WEN), and Pizza Hut owner Yum! Brands (NYSE: YUM) surged in early trading Wednesday, and were holding on to the majority of their gains as they moved toward the final hour of the trading day.
As of 2:55 p.m. EDT, Shake Shack shares remained up 10.1%, Wendy's was looking nearly as strong with a 9.2% gain, and Yum! was looking pretty appetizing as well -- up 5%.
Restaurant stocks went up today. But could they be heading back down? Image source: Getty Images.
Source Fool.com
