CAVA Group shares are trading higher amid the expiration of the IPO lockup period.
Portfolio Pulse from Benzinga Newsdesk
CAVA Group shares are experiencing an increase in trading activity due to the expiration of the IPO lockup period, which typically restricts insiders from selling their shares for a set period following an IPO.
December 12, 2023 | 8:44 pm
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The expiration of CAVA Group's IPO lockup period may lead to increased stock volatility as insiders are now able to sell their shares, potentially leading to a short-term decrease in stock price.
The end of the IPO lockup period often results in increased selling pressure as insiders who were previously restricted can now offload their shares. This can lead to a temporary dip in the stock price due to the sudden increase in supply of shares on the market.
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