Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cava Group Inc shares valued at $111,253,997 were sold by SHAICH RONALD M on Dec 09 ’24. At $149.40 per share, SHAICH RONALD M sold 744,672 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, SHAICH RONALD M sold 622,549 shares, netting a total of over 93,008,821 in proceeds. Following the sale of shares at $149.40 each, the insider now holds 6,307 shares.
Before that, Ronald M Shaich had added 379,583 shares to its account. In a trade valued at $57,271,483, the Officer bought Cava Group Inc shares for $150.88 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 -4.00%. Over the course of the year, Cava Group Inc shares have jumped approximately 175.57%. 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 $135.87, while a 200-day SMA reached $101.57. Nevertheless, trading volume fell to 0.69 million shares from 1.63 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 117.31, which, if violated, would cause prices to drop to 116.11. In the upper region, resistance lies at 119.21. The next price resistance is at 119.91. RSI (Relative Strength Index) is 33.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.54, which suggests the price will decrease in the coming days. Percent R is at 89.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
