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CAVA Group, Inc. (NYSE:CAVA – Get Free Report) shares were up 4.8% during mid-day trading on Monday . The stock traded as high as $32.45 and last traded at $32.37. Approximately 995,187 shares changed hands during trading, a decline of 46% from the average daily volume of 1,846,577 shares. The stock had previously closed at […]
Arm, Instacart and Klaviyo popped on their first trading day, but their performance since then has muted
The post-IPO buzz is dying down even though nothing has changed with the company's long-term outlook.
The honeymoon period is already over, and the stock is now trading at a more reasonable valuation.
Cava is growing fast and that's going to make its top line look great. But investors need to watch this number, too.