What's Going On With Cava Group Stock?

CAVA Group, Inc. CAVA shares are trading higher Tuesday, and the stock is up more than 17% over the past month.

What To Know:

Shares of CAVA are moving on heavy trading volume Tuesday with more than 11 million shares already traded in the session. According to data from Benzinga Pro,  the stock's 100-day average volume is 1.514 million shares, and 12.17% of available shares are being sold short.

The IPO lockup period for blocks of shares of Cava Group expired on Tuesday, though there does not seem to be related selling pressure.

Ealier this month CNBC's Jim Cramer mentioned Cava during the Lightning Round and said, "I share with you the excitement for Cava. I think it’s a very good situation. I want to see what the sellers do to it."

Of the analysts that cover Cava Group, four have Overweight ratings, three have Buy ratings and three have Hold ratings on the stock.

According to data from Benzinga Pro, shares of CAVA are trading above the stock's 50-day moving average of $33.03 and below its 52-week high low of $58.10.

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CAVA Price Action: According to Benzinga Pro, Cava Group shares are up by 13.6% at $36.91 at the time of publication.

Image: Ghasoub Alaeddin from Pixabay