Smart Money Is Betting Big In CAVA Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bearish moves on Cava Group (NYSE:CAVA) through options trading. Analysis reveals 62% of trades were bearish, with notable put and call activities. The stock is currently down by 1.6%, trading at $86.59. Analysts have mixed ratings, with price targets ranging from $72 to $94.
June 04, 2024 | 2:31 pm
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Cava Group has seen significant bearish options activity, with 62% of trades showing bearish sentiment. The stock is currently down by 1.6%, trading at $86.59. Analysts have mixed ratings, with price targets ranging from $72 to $94.
The significant bearish sentiment in options trading, combined with the current decline in stock price, suggests a negative short-term outlook for Cava Group. Mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100