Cava Group Inc’s recent filing unveils that its CEO and President Schulman Brett unloaded Company’s shares for reported $1.63 million on Jan 02 ’25. In the deal valued at $114.93 per share,14,214 shares were sold. As a result of this transaction, Schulman Brett now holds 796,933 shares worth roughly $88.48 million.
Then, Costanza Kelly sold 7,611 shares, generating $874,769 in total proceeds. Upon selling the shares at $114.93, the Chief People Officer now owns 134,053 shares.
Before that, Kelly Costanza bought 7,611 shares. Cava Group Inc shares valued at $858,521 were divested by the Officer at a price of $112.80 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 -3.55% to $111.03. Over the last five days, the stock has lost -3.52%. Cava Group Inc shares have fallen nearly -1.57% since the year began. Nevertheless, the stocks have risen 162.67% over the past one year. While a 52-week high of $172.43 was reached on 01/06/25, a 52-week low of $41.61 was recorded on 01/13/25. SMA at 50 days reached $131.07, while 200 days put it at $104.22.
Levels Of Support And Resistance For CAVA Stock
The 24-hour chart illustrates a support level at 109.07, which if violated will result in even more drops to 107.11. On the upside, there is a resistance level at 113.16. A further resistance level may holdings at 115.28. The Relative Strength Index (RSI) on the 14-day chart is 34.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.41%. Stochastics %K at 29.05% 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 2024-12-31, growing by 0.26 million shares to a total of 9.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 9.0 million shares. There was a rise of 2.8%, which implies that there is a positive sentiment for the stock.
