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Cava Group Inc (CAVA) gets rating Initiated from Bernstein

Cava Group Inc’s recent filing unveils that its Director KOCHEVAR KAREN unloaded Company’s shares for reported $2.13 million on Nov 19 ’24. In the deal valued at $142.23 per share,15,000 shares were sold. As a result of this transaction, KOCHEVAR KAREN now holds 1,307 shares worth roughly $0.18 million.

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Then, Artal International S.C.A. sold 8,000,000 shares, generating $1,073,040,000 in total proceeds. Upon selling the shares at $134.13, the Director now owns 9,507,990 shares.

Before that, Tolivar Tricia K. sold 20,000 shares. Cava Group Inc shares valued at $2,813,995 were divested by the Chief Financial Officer at a price of $140.70 per share. As a result of the transaction, Tolivar Tricia K. now holds 237,588 shares, worth roughly $33.46 million.

Bernstein initiated its Cava Group Inc [CAVA] rating to a Mkt perform in a research note published on November 20, 2024; the price target was $145. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late September with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering CAVA and has decreased its forecast on August 29, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Citigroup maintained its rating on August 23, 2024. It rated CAVA as “a Neutral”.

Price Performance Review of CAVA

On Monday, Cava Group Inc [NYSE:CAVA] saw its stock fall -0.04% to $140.85. Over the last five days, the stock has lost -2.86%. Cava Group Inc shares have risen nearly 227.71% since the year began. Nevertheless, the stocks have risen 314.14% 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 $135.37, while 200 days put it at $95.74.

Levels Of Support And Resistance For CAVA Stock

The 24-hour chart illustrates a support level at 138.80, which if violated will result in even more drops to 136.75. On the upside, there is a resistance level at 144.75. A further resistance level may holdings at 148.65. The Relative Strength Index (RSI) on the 14-day chart is 52.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.09%. Stochastics %K at 20.25% 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 2024-11-15, dropping by -0.25 million shares to a total of 10.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.13 million shares. There was a decline of -2.33%, which implies that there is a negative sentiment for the stock.

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