The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cava Group Inc shares valued at $84,339 were sold by Bertram Kenneth Robert on Jan 27 ’25. At $124.39 per share, Bertram Kenneth Robert sold 678 shares. The insider’s holdings dropped to 57,312 shares worth approximately $6.8 million following the completion of this transaction.
Also, Tolivar Tricia K. sold 1,505 shares, netting a total of over 187,212 in proceeds. Following the sale of shares at $124.39 each, the insider now holds 234,087 shares.
Before that, Costanza Kelly had sold 1,138 shares from its account. In a trade valued at $141,559, the Chief People Officer traded Cava Group Inc shares for $124.39 each. Upon closing the transaction, the insider’s holdings decreased to 1,138 shares, worth approximately $15.58 million.
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 -8.98%. Over the course of the year, Cava Group Inc shares have jumped approximately 5.14%. Shares of the company reached a 52-week high of $144.49 on 02/07/25 and a 52-week low of $109.23 on 01/13/25. A 50-day SMA is recorded $124.76, while a 200-day SMA reached $112.55. Nevertheless, trading volume fell to 2.82 million shares from 4.46 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 115.76, which, if violated, would cause prices to drop to 112.91. In the upper region, resistance lies at 120.33. The next price resistance is at 122.05. RSI (Relative Strength Index) is 37.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.98, which suggests the price will decrease in the coming days. Percent R is at 86.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
