Spotlight on Cava Group: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Cava Group (NYSE:CAVA) with significant options activity. Analysis reveals 54% bearish trades, with a price range expectation between $40.0 and $140.0. The stock is currently down by 2.38% at $90.34, with mixed analyst ratings and a consensus target price of $85.4.
June 03, 2024 | 2:16 pm
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Cava Group has seen a surge in bearish options activity, with 54% of trades showing bearish tendencies. The stock is currently down by 2.38% at $90.34. Analysts have mixed ratings with a consensus target price of $85.4.
The significant bearish sentiment in options activity, combined with the current stock price decline and mixed analyst ratings, suggests a likely short-term negative impact on Cava Group's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100