Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cava Group Inc shares valued at $6,574,923 were sold by SHAICH RONALD M on Aug 28 ’24. At $118.95 per share, SHAICH RONALD M sold 55,273 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, SHAICH RONALD M sold 54,780 shares, netting a total of over 6,516,278 in proceeds. Following the sale of shares at $118.95 each, the insider now holds 6,307 shares.
Before that, KOCHEVAR KAREN had sold 20,000 shares from its account. In a trade valued at $2,367,400, the Director traded Cava Group Inc shares for $118.37 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $0.15 million.
As published in a research note from Morgan Stanley on August 29, 2024, Cava Group Inc [CAVA] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $110 from $90. Analysts at Citigroup resumed the stock at ‘”a Neutral”‘ outlook in a report released in late August. As of June 03, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for CAVA. Earlier on May 30, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for CAVA stock which previously was a “an Overweight”.
Analyzing CAVA Stock Performance
During the last five days, there has been a drop of approximately -1.46%. Over the course of the year, Cava Group Inc shares have jumped approximately 171.54%. Shares of the company reached a 52-week high of $128.18 on 08/26/24 and a 52-week low of $39.05 on 01/03/24. A 50-day SMA is recorded $93.50, while a 200-day SMA reached $68.12. Nevertheless, trading volume fell to 2.36 million shares from 2.04 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 114.20, which, if violated, would cause prices to drop to 111.68. In the upper region, resistance lies at 118.69. The next price resistance is at 120.66. RSI (Relative Strength Index) is 64.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.19, which suggests the price will increase in the coming days. Percent R is at 36.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
