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Cava Group Inc [CAVA] Insider Activity: An Update for Investors

Cava Group Inc’s filing revealed that its Director KAREN ANN KOCHEVAR acquired Company’s shares for reported $2.1 million on Nov 15 ’24. In the deal valued at $140.00 per share,15,000 shares were bought.

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Then, Theodoros J Xenohristos bought 65,000 shares, generating $8,992,100 in total proceeds.

Before that, WHITE JAMES D sold 1,000 shares. Cava Group Inc shares valued at $122,450 were divested by the Director at a price of $122.45 per share. As a result of the transaction, WHITE JAMES D now holds 3,807 shares, worth roughly $0.54 million.

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 jump 2.20% to $141.38. Over the last five days, the stock has lost -3.95%. Cava Group Inc shares have risen nearly 228.94% since the year began. Nevertheless, the stocks have risen 317.91% over the past one year. While a 52-week high of $172.43 was reached on 11/13/24, a 52-week low of $31.47 was recorded on 01/03/24. SMA at 50 days reached $131.69, while 200 days put it at $91.26.

Levels Of Support And Resistance For CAVA Stock

The 24-hour chart illustrates a support level at 136.90, which if violated will result in even more drops to 132.41. On the upside, there is a resistance level at 143.98. A further resistance level may holdings at 146.57. The Relative Strength Index (RSI) on the 14-day chart is 56.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 72.34%. Stochastics %K at 29.90% 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 2024-10-31, dropping by -0.55 million shares to a total of 10.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.27 million shares. There was a decline of -5.13%, which implies that there is a negative sentiment for the stock.

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