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Cava Group Inc [CAVA] Insider Activity: An Update for Investors

Cava Group Inc’s recent filing unveils that its Director Xenohristos Theodoros unloaded Company’s shares for reported $3.23 million on Mar 26 ’24. In the deal valued at $68.29 per share,47,239 shares were sold. As a result of this transaction, Xenohristos Theodoros now holds 526,521 shares worth roughly $41.63 million.

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Then, Artal International S.C.A. sold 2,000,000 shares, generating $132,500,000 in total proceeds. Upon selling the shares at $66.25, the Director now owns 26,507,990 shares.

Before that, SHAICH RONALD M sold 1,500,000 shares. Cava Group Inc shares valued at $85,800,000 were divested by the Former 10% Owner at a price of $57.20 per share. As a result of the transaction, SHAICH RONALD M now holds 4,457,634 shares, worth roughly $352.47 million.

Barclays initiated its Cava Group Inc [CAVA] rating to an Equal weight in a research note published on April 15, 2024; the price target was $58. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early April from “a Hold” to “a Buy”. Argus began covering CAVA with “Hold” recommendation on January 29, 2024. Wedbush revised its rating on December 21, 2023. It rated CAVA as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of CAVA

On Friday, Cava Group Inc [NYSE:CAVA] saw its stock jump 4.90% to $79.07. Over the last five days, the stock has gained 9.56%. Cava Group Inc shares have risen nearly 83.97% since the year began. SMA at 50 days reached $65.65, while 200 days put it at $47.08. A total of 2.77 million shares were traded, compared to the trading of 1.45 million shares in the previous session.

Levels Of Support And Resistance For CAVA Stock

The 24-hour chart illustrates a support level at 77.20, which if violated will result in even more drops to 75.33. On the upside, there is a resistance level at 80.64. A further resistance level may holdings at 82.20. The Relative Strength Index (RSI) on the 14-day chart is 71.63, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.93%. Stochastics %K at 89.67% indicates the stock is a selling.

The most recent change occurred on December 13, 2023 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $46 price target.

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