Did McDonald's New Business Strategy Help Shake Shack's Stock Rally To New Highs?

Since it went public a few months ago, Shake Shack’s stock has been on a tear. That’s the old news. The new news is that Shake Shack’s (NYSE:SHAK) stock was up more than 7%, on a day their close competitor and burger and fries pioneer McDonald’s announced a new strategy to re-ignite its sales growth. And while McDonald’s stock headed in the other direction, losing close to 1%, the stock of another McDonald’s competitor -- Restaurant Brands International -- was also on the rise. McDonald’s, Restaurant Brands, And Shake Shack’s Price Action On Early Monday Afternoon