Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cava Group Inc shares valued at $1,073,040,000 were sold by Artal International S.C.A. on Nov 18 ’24. At $134.13 per share, Artal International S.C.A. sold 8,000,000 shares. The insider’s holdings dropped to 9,507,990 shares worth approximately $1.33 billion following the completion of this transaction.
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Also, Tolivar Tricia K. sold 20,000 shares, netting a total of over 2,813,995 in proceeds. Following the sale of shares at $140.70 each, the insider now holds 237,588 shares.
Before that, KAREN ANN KOCHEVAR had added 15,000 shares to its account. In a trade valued at $2,133,399, the Director bought Cava Group Inc shares for $142.23 each.
As published in their initiating research note from Bernstein on November 20, 2024, Cava Group Inc [CAVA] has been a Mkt perform and the price target has been revised to $145. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in late September. As of August 29, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for CAVA. Earlier on August 23, 2024, Citigroup resumed its rating. Their recommendation was “a Neutral” for CAVA stock.
Analyzing CAVA Stock Performance
During the last five days, there has been a drop of approximately -5.17%. Over the course of the year, Cava Group Inc shares have jumped approximately 225.01%. Shares of the company reached a 52-week high of $172.43 on 11/13/24 and a 52-week low of $39.05 on 01/03/24. A 50-day SMA is recorded $132.83, while a 200-day SMA reached $92.60. Nevertheless, trading volume fell to 2.35 million shares from 4.38 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 137.06, which, if violated, would cause prices to drop to 134.43. In the upper region, resistance lies at 142.66. The next price resistance is at 145.63. RSI (Relative Strength Index) is 53.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.73, which suggests the price will decrease in the coming days. Percent R is at 76.27%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
