Cava Group Inc’s filing revealed that its Officer Ronald M Shaich acquired Company’s shares for reported $57.27 million on Dec 09 ’24. In the deal valued at $150.88 per share,379,583 shares were bought.
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Then, Ronald M Shaich bought 365,089 shares, generating $55,084,625 in total proceeds.
Before that, Ronald M Shaich bought 622,549 shares. Cava Group Inc shares valued at $93,930,193 were divested by the Officer at a price of $150.88 per share.
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 -12.14% to $132.57. Over the last five days, the stock has lost -5.88%. Cava Group Inc shares have risen nearly 208.45% since the year began. Nevertheless, the stocks have risen 297.63% 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 $137.17, while 200 days put it at $98.06.
Levels Of Support And Resistance For CAVA Stock
The 24-hour chart illustrates a support level at 126.84, which if violated will result in even more drops to 121.10. On the upside, there is a resistance level at 143.83. A further resistance level may holdings at 155.08. The Relative Strength Index (RSI) on the 14-day chart is 40.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 99.00%. Stochastics %K at 58.31% 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.
