Options Traders Scoop Up Cava Stock After Earnings
CAVACAVA (CAVA) Schaeffers Research·2024-02-28 03:29

Cava Group Inc (NYSE:CAVA) stock is surging, up 11.2% to trade at 56.16atlastglance,followingthefast−casualrestaurant′sbetter−than−expectedfourth−quarterresults.PubliclytradedsinceJuly2023,today′spopearliersentCAVAtoafreshrecordhighof56.16 at last glance, following the fast- casual restaurant's better-than-expected fourth-quarter results. Publicly traded since July 2023, today's pop earlier sent CAVA to a fresh record high of 58.22. The Mediterranean fast-casual restaurant chain opened on June 15 at 42.00,afterbeingpricedat42.00, after being priced at 22 the day prior. The shares closed at $43.30 on its debut, and are now up roughly 30% in 2024 already. Options traders are blasting the equit ...