Cava Group's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Cava Group (NYSE:CAVA) has seen a surge in options trading, with a majority of trades being bullish. Whales are targeting a price range of $60 to $170. The stock is currently up 4.05% at $126.94, but RSI indicators suggest it may be overbought. Analysts have mixed ratings, with price targets ranging from $110 to $122.
August 26, 2024 | 2:30 pm
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Cava Group's options trading shows a bullish trend with significant whale activity. The stock is currently up 4.05% at $126.94, but RSI indicators suggest it may be overbought. Analysts have mixed ratings, with price targets ranging from $110 to $122.
The majority of options trades are bullish, indicating positive sentiment among large investors. The stock's recent price increase and analyst ratings suggest potential for further gains, though the overbought RSI could signal a short-term pullback.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100