Chewy Inc’s recently made public that its Chief Accounting Officer Bowman Stacy unloaded Company’s shares for reported $0.12 million on Apr 02 ’24. In the deal valued at $15.53 per share,8,025 shares were sold. As a result of this transaction, Bowman Stacy now holds 243,769 shares worth roughly $4.04 million.
Then, Singh Sumit sold 6,728 shares, generating $104,470 in total proceeds. Upon selling the shares at $15.53, the Chief Executive Officer now owns 129,991 shares.
Before that, Bowman Stacy sold 604 shares. Chewy Inc shares valued at $10,748 were divested by the Chief Accounting Officer at a price of $17.79 per share. As a result of the transaction, Bowman Stacy now holds 219,631 shares, worth roughly $3.64 million.
Mizuho initiated its Chewy Inc [CHWY] rating to a Neutral in a research note published on March 19, 2024; the price target was $18. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid January from “an Equal weight” to “an Overweight”. Jefferies started covering the stock on December 19, 2023. It rated CHWY as “a Buy”.
Price Performance Review of CHWY
On Monday, Chewy Inc [NYSE:CHWY] saw its stock fall -6.07% to $16.57. Over the last five days, the stock has lost -1.49%. Chewy Inc shares have fallen nearly -29.88% since the year began. Nevertheless, the stocks have fallen -52.45% over the past one year. While a 52-week high of $40.78 was reached on 01/02/24, a 52-week low of $15.08 was recorded on 03/26/24. SMA at 50 days reached $16.96, while 200 days put it at $22.02. A total of 9.61 million shares were traded, compared to the trading of 11.75 million shares in the previous session.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 16.12, which if violated will result in even more drops to 15.67. On the upside, there is a resistance level at 17.44. A further resistance level may holdings at 18.31. The Relative Strength Index (RSI) on the 14-day chart is 47.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.73%. Stochastics %K at 69.34% indicates the stock is a holding.
