Looking At Cava Group's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Cava Group (NYSE:CAVA) has seen unusual options activity, with a significant bearish sentiment from investors. The options activity includes 16 notable trades, with 68% being bearish. Analysts have mixed ratings, with a recent downgrade from UBS to Neutral. The stock is currently trading at $134.84, with an average analyst price target of $131.67.
October 14, 2024 | 7:31 pm
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NEGATIVE IMPACT
Cava Group has experienced unusual options activity with a bearish sentiment from investors. The stock is currently trading at $134.84, with a recent downgrade from UBS to Neutral. Analysts have set an average price target of $131.67.
The unusual options activity with a majority bearish sentiment suggests potential downward pressure on Cava Group's stock. The recent downgrade by UBS to Neutral further supports a negative short-term outlook. The current trading price is slightly above the average analyst target, indicating potential overvaluation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100