Cava Stock Falls From Highs as Insiders Sell Shares
CAVACAVA (CAVA) Schaeffers Investment Research·2024-08-27 22:48

CAVA Group Inc (NYSE:CAVA) stock is retreating sharply from last session's record highs, down 7.2% at 116.79,afterreportsthatseveralinsidersaresellingsharesfollowingthestockslatestpostearningsrally.ThisincludesCEOBrentSchulman,whosold210,504sharesfor116.79, after reports that several insiders are selling shares following the stock's latest post-earnings rally. This includes CEO Brent Schulman, who sold 210,504 shares for 35.868 million. Since the start of 2024, the fast-casual restaurant stock has added 170%, with consistent record highs along the way. The stock yesterday extended Friday's 19.6% pop, marking an all-time high of $128.18. A short-term ...