Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cava Group Inc shares valued at $122,450 were sold by WHITE JAMES D on Sep 16 ’24. At $122.45 per share, WHITE JAMES D sold 1,000 shares. The insider’s holdings dropped to 3,807 shares worth approximately $0.53 million following the completion of this transaction.
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Also, JAMES WHITE purchased 1,000 shares, netting a total of over 122,449 in proceeds.
Before that, SHAICH RONALD M had sold 478,972 shares from its account. In a trade valued at $56,470,799, the Director traded Cava Group Inc shares for $117.90 each. Upon closing the transaction, the insider’s holdings decreased to 478,972 shares, worth approximately $0.0.
As published in their initiating research note from UBS on September 27, 2024, Cava Group Inc [CAVA] has been a Neutral and the price target has been revised to $135. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late August. As of August 23, 2024, Citigroup has reiterated its “Neutral” rating for CAVA. Earlier on June 03, 2024, JP Morgan 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 surge of approximately 3.87%. Over the course of the year, Cava Group Inc shares have jumped approximately 223.41%. Shares of the company reached a 52-week high of $141.25 on 10/28/24 and a 52-week low of $39.05 on 01/03/24. A 50-day SMA is recorded $127.56, while a 200-day SMA reached $87.87. Nevertheless, trading volume fell to 2.01 million shares from 1.51 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 135.27, which, if violated, would cause prices to drop to 131.53. In the upper region, resistance lies at 140.87. The next price resistance is at 142.73. RSI (Relative Strength Index) is 64.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.04, which suggests the price will decrease in the coming days. Percent R is at 19.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
