Cava Group Inc’s recent filing unveils that its Director JAMES WHITE acquired Company’s shares for reported $0.12 million on Sep 16 ’24. In the deal valued at $122.45 per share,1,000 shares were bought.
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Then, SHAICH RONALD M sold 478,972 shares, generating $56,470,799 in total proceeds. Upon selling the shares at $117.90, the Director now owns 0 shares.
Before that, SHAICH RONALD M sold 466,631 shares. Cava Group Inc shares valued at $55,015,795 were divested by the Director at a price of $117.90 per share. As a result of the transaction, SHAICH RONALD M now holds 6,307 shares, worth roughly $0.77 million.
Morgan Stanley downgraded its Cava Group Inc [CAVA] rating to an Equal-weight from a an Overweight in a research note published on August 29, 2024; the price target was increased to $110 from $90. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Neutral”‘ rating for it. JP Morgan also remained covering CAVA and has decreased its forecast on June 03, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Piper Sandler revised its rating on May 30, 2024. It rated CAVA as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CAVA
On Monday, Cava Group Inc [NYSE:CAVA] saw its stock jump 0.28% to $122.85. Over the last five days, the stock has gained 2.30%. Cava Group Inc shares have risen nearly 185.83% since the year began. Nevertheless, the stocks have risen 240.68% over the past one year. While a 52-week high of $128.18 was reached on 08/26/24, a 52-week low of $29.05 was recorded on 01/03/24. SMA at 50 days reached $97.34, while 200 days put it at $71.18.
Levels Of Support And Resistance For CAVA Stock
The 24-hour chart illustrates a support level at 120.78, which if violated will result in even more drops to 118.72. On the upside, there is a resistance level at 124.38. A further resistance level may holdings at 125.92. The Relative Strength Index (RSI) on the 14-day chart is 66.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.85%. Stochastics %K at 76.18% indicates the stock is a holding.
How much short interest is there in Cava Group Inc?
A steep rise in short interest was recorded in Cava Group Inc stocks on 2024-08-30, growing by 1.8 million shares to a total of 11.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.93 million shares. There was a rise of 15.33%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 15, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $58 price target.
