Long Position on CAVA @ $89.75 on 6/17/2024 (Fundamentals)

CAVA Group, Inc. (CAVA) owns and operates a chain of restaurants under the CAVA brand in the United States.

Upward Trading ChannelThe company also offers dips, spreads, and dressings through grocery stores.

In addition, the company provides online and mobile ordering platforms. Cava Group, Inc. was founded in 2006 and is headquartered in Washington, the District of Columbia.

As shares head higher, this should be a strong stock for growth stock for investors.

Entry Point: $89.75

Trading Range: $29.05 - $96.93

Stop Loss: $85.30

Target Price: $98.70

 

Position closed on 7/22/2024 at price of $85.30 with a -4.96% loss in 35 days.

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