Cava Group Inc’s filing revealed that its Director Artal International S.C.A. unloaded Company’s shares for reported $261.75 million on Jun 05 ’24. In the deal valued at $87.25 per share,3,000,000 shares were sold. As a result of this transaction, Artal International S.C.A. now holds 23,507,990 shares worth roughly $2.0 billion.
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Then, SHAICH RONALD M sold 1,318,311 shares, generating $115,022,635 in total proceeds. Upon selling the shares at $87.25, the Director now owns 0 shares.
Before that, SHAICH RONALD M sold 1,231,979 shares. Cava Group Inc shares valued at $107,490,168 were divested by the Director at a price of $87.25 per share. As a result of the transaction, SHAICH RONALD M now holds 5,000 shares, worth roughly $0.43 million.
JP Morgan downgraded its Cava Group Inc [CAVA] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late May from “an Overweight” to “a Neutral”. Barclays began covering CAVA with “an Equal weight” recommendation on April 15, 2024. Argus revised its rating on April 10, 2024. It rated CAVA as “a Buy” which previously was an “a Hold”.
Price Performance Review of CAVA
On Friday, Cava Group Inc [NYSE:CAVA] saw its stock unchanged to $85.04. Over the last five days, the stock has lost -8.11%. Cava Group Inc shares have risen nearly 97.86% since the year began. SMA at 50 days reached $72.93, while 200 days put it at $50.28. A total of 2.73 million shares were traded, compared to the trading of 7.82 million shares in the previous session.
Levels Of Support And Resistance For CAVA Stock
The 24-hour chart illustrates a support level at 83.87, which if violated will result in even more drops to 82.70. On the upside, there is a resistance level at 86.47. A further resistance level may holdings at 87.90. The Relative Strength Index (RSI) on the 14-day chart is 56.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 52.45%. Stochastics %K at 57.84% indicates the stock is a holding.
The most recent change occurred on January 29, 2024 when Argus began covering the stock and recommended ‘”a Hold”‘ rating.
