Cava Group's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Cava Group (NYSE:CAVA), as revealed by Benzinga's options scanner. The scanner highlighted 13 extraordinary options activities, with 53% of the sentiment being bearish. The stock is currently trading at $80.24, down by 1.52%, and is considered oversold based on RSI readings. Analysts from Wedbush and Morgan Stanley maintain positive ratings with target prices of $100 and $90, respectively.
July 18, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Deep-pocketed investors have shown a bearish sentiment towards Cava Group, with 53% of options activities being bearish. The stock is currently down by 1.52% at $80.24 and is considered oversold based on RSI readings. Analysts from Wedbush and Morgan Stanley maintain positive ratings with target prices of $100 and $90, respectively.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activities, suggests a potential short-term downward pressure on CAVA's stock price. However, the positive ratings from analysts provide a counterbalance, indicating a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100