Cava Stock Plunges to 52-Week Low – Bargain Buy or More Pain Ahead?
Stock Hits a Record Low Cava’s stock has been on a steep slide since its euphoric post-IPO highs. This week, shares tumbled to $54.93, their lowest level in a year za.investing.com. That price is well under half of where CAVA traded 12 months ago za.investing.com, and a far cry from the ~$170 peak the market once ascribed to this high-flying restaurant IPO. In fact, the stock now sits roughly 62% below its peak levels reached after its 2023 IPO ts2.tech. The 52-week high of $172.43 underscores how dramatically sentiment has reversed za.investing.com. What’s driving the collapse? Broad market volatility and