Cava Group Inc’s recent filing unveils that its Director WHITE JAMES D unloaded 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 sold. As a result of this transaction, WHITE JAMES D now holds 3,807 shares worth roughly $0.5 million.
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Then, JAMES WHITE bought 1,000 shares, generating $122,449 in total proceeds.
Before that, SHAICH RONALD M sold 478,972 shares. Cava Group Inc shares valued at $56,470,799 were divested by the Director at a price of $117.90 per share. As a result of the transaction, SHAICH RONALD M now holds 0 shares, worth roughly $0.0.
UBS initiated its Cava Group Inc [CAVA] rating to a Neutral in a research note published on September 27, 2024; the price target was $135. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late August from “an Overweight” to “an Equal-weight”. Citigroup also remained covering CAVA and reiterated its “Neutral” recommendation on August 23, 2024. JP Morgan revised its rating on June 03, 2024. It rated CAVA as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CAVA
On Friday, Cava Group Inc [NYSE:CAVA] saw its stock fall -1.52% to $131.53. Over the last five days, the stock has lost -3.35%. Cava Group Inc shares have risen nearly 206.03% since the year began. Nevertheless, the stocks have risen 311.67% over the past one year. While a 52-week high of $141.25 was reached on 10/28/24, a 52-week low of $29.66 was recorded on 01/03/24. SMA at 50 days reached $126.81, while 200 days put it at $86.56.
Levels Of Support And Resistance For CAVA Stock
The 24-hour chart illustrates a support level at 129.07, which if violated will result in even more drops to 126.60. On the upside, there is a resistance level at 134.43. A further resistance level may holdings at 137.33. The Relative Strength Index (RSI) on the 14-day chart is 50.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.48%. Stochastics %K at 36.55% 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 2024-10-15, dropping by -0.3 million shares to a total of 11.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.44 million shares. There was a decline of -2.7%, which implies that there is a negative sentiment for the stock.
