Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cava Group Inc shares valued at $562,019 were sold by Tolivar Tricia K. on Jul 01 ’24. At $94.47 per share, Tolivar Tricia K. sold 5,949 shares. The insider’s holdings dropped to 297,600 shares worth approximately $28.94 million following the completion of this transaction.
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Also, Bosserman David sold 30,000 shares, netting a total of over 2,760,873 in proceeds. Following the sale of shares at $92.03 each, the insider now holds 117,270 shares.
Before that, Xenohristos Theodoros had sold 90,000 shares from its account. In a trade valued at $8,190,900, the Director traded Cava Group Inc shares for $91.01 each. Upon closing the transaction, the insider’s holdings decreased to 90,000 shares, worth approximately $41.31 million.
As published in a research note from JP Morgan on June 03, 2024, Cava Group Inc [CAVA] has been rated down from an Overweight to a Neutral and the price target has been revised to $77. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of April 15, 2024, Barclays has initiated its “an Equal weight” rating for CAVA. Earlier on April 10, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for CAVA stock which previously was a “a Hold”.
Analyzing CAVA Stock Performance
During the last five days, there has been a surge of approximately 15.79%. Over the course of the year, Cava Group Inc shares have jumped approximately 126.24%. Shares of the company reached a 52-week high of $98.69 on 07/08/24 and a 52-week low of $39.05 on 01/03/24. A 50-day SMA is recorded $87.87, while a 200-day SMA reached $62.64. Nevertheless, trading volume fell to 1.75 million shares from 2.35 million shares the previous day.
Support And Resistance Levels for Cava Group Inc (CAVA)
According to the 24-hour chart, there is a support level at 95.61, which, if violated, would cause prices to drop to 93.98. In the upper region, resistance lies at 98.64. The next price resistance is at 100.03. RSI (Relative Strength Index) is 69.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.34, which suggests the price will increase in the coming days. Percent R is at 4.43%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
