Cava Gains, Parabilis Medicines Soars, Cracker Barrel Jumps
On this episode of Stock Movers:
-Cava Group (CAVA) is up 6.1% after UBS raised the recommendation on the fast-casual chain to buy from neutral.
- Parabilis Medicines Inc. (PBLS) jumps 47% in its trading debut, after the company raised nearly $745 million in an upsized US initial public offering that priced above its marketed range and a private placement.
- Cracker Barrel (CBRL) jumps 23% after the restaurant chain boosted its revenue guidance for the full year, beating the average analyst estimate. The results prompted Wells Fargo to raise its recommendation on the stock to overweight.
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