RTTNews | Jun 24, 2021 03:35PM EDT

15:34 Thursday, June 24, 2021 (RTTNews.com) - Shares of Shake shack (SHAK) is up 11% on Wednesday after the company announced plans of oriental expansion.

The company announced the target of opening 10 more outlets in Sichuan, Chongqing, Yunnan, Hubei, Shaanxi, Anhui, Henan, and Guizhou.

The shares are currently trading at $109.46, up $10.42 or 10.53% from their previous close at $99.04 after opening at $101 in the morning. In the 52-week period, the shares have ranged between $47.12 and $138.38.

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