Are Institutional Investors Giving Up on Cava (CAVA) Stock?
CAVA (CAVA) Investor Place·2024-06-06 22:48
Cava (NYSE:CAVA) stock is falling on Thursday as traders worry that institutional investors may be giving up on the restaurant chain company's shares. This concern comes after investor Artal International S.C.A. filed a notice with the Securities and Exchange Commission (SEC) about a share sale. The company is going to sell 3 million shares of CAVA stock. Artal International S.C.A. is converting its shares of Series E Preferred Stock into common stock to facilitate this sale. On top of this, the move is fur ...