Why Cava Stock Soared 35% in August
CAVACAVA (CAVA) The Motley Fool·2024-09-07 05:25

It was up even more before some insiders cashed out.Shares of Mediterranean fast-casual restaurant chain Cava (CAVA -0.50%) soared 35.4% during August, according to data provided by S&P Global Market Intelligence. Strong financial results for second-quarter 2024 and a corresponding enthusiastic response from Wall Street boosted the stock to an all-time high. But a subsequent stock sale caused a modest pullback.On Aug. 22, Cava reported Q2 financial results, and it was all good news for shareholders. Its Q2 ...