In a filing, Cava Group Inc revealed its Director SHAICH RONALD M unloaded Company’s shares for reported $111.25 million on Dec 09 ’24. In the deal valued at $149.40 per share,744,672 shares were sold. As a result of this transaction, SHAICH RONALD M now holds 0 shares worth roughly $0.0.
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Then, SHAICH RONALD M sold 622,549 shares, generating $93,008,821 in total proceeds. Upon selling the shares at $149.40, the Director now owns 6,307 shares.
Before that, Ronald M Shaich bought 379,583 shares. Cava Group Inc shares valued at $57,271,483 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 jump 2.21% to $126.79. Over the last five days, the stock has lost -4.36%. Cava Group Inc shares have risen nearly 195.00% since the year began. Nevertheless, the stocks have risen 212.14% over the past one year. While a 52-week high of $172.43 was reached on 11/13/24, a 52-week low of $39.05 was recorded on 01/03/24. SMA at 50 days reached $137.38, while 200 days put it at $99.81.
Levels Of Support And Resistance For CAVA Stock
The 24-hour chart illustrates a support level at 124.56, which if violated will result in even more drops to 122.32. On the upside, there is a resistance level at 128.04. A further resistance level may holdings at 129.28. The Relative Strength Index (RSI) on the 14-day chart is 37.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.95%. Stochastics %K at 5.09% indicates the stock is a buying.
How much short interest is there in Cava Group Inc?
A steep rise in short interest was recorded in Cava Group Inc stocks on 2024-11-29, dropping by -1.73 million shares to a total of 9.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 10.72 million shares. There was a decline of -19.23%, which implies that there is a negative sentiment for the stock.
