Chewy Inc’s filing revealed that its Chief Executive Officer Singh Sumit unloaded Company’s shares for reported $0.7 million on May 02 ’24. In the deal valued at $15.12 per share,46,090 shares were sold. As a result of this transaction, Singh Sumit now holds 1,379,100 shares worth roughly $22.04 million.
Then, Mehta Satish sold 8,019 shares, generating $121,270 in total proceeds. Upon selling the shares at $15.12, the Chief Technology Officer now owns 569,594 shares.
Before that, Singh Sumit sold 2,637 shares. Chewy Inc shares valued at $39,879 were divested by the Chief Executive Officer at a price of $15.12 per share. As a result of the transaction, Singh Sumit now holds 138,274 shares, worth roughly $2.21 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 jump 0.44% to $15.98. Over the last five days, the stock has gained 1.33%. Chewy Inc shares have fallen nearly -32.37% since the year began. Nevertheless, the stocks have fallen -50.14% over the past one year. While a 52-week high of $40.78 was reached on 01/02/24, a 52-week low of $14.69 was recorded on 04/25/24. SMA at 50 days reached $16.62, while 200 days put it at $20.37. A total of 4.6 million shares were traded, compared to the trading of 5.22 million shares in the previous session.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 15.85, which if violated will result in even more drops to 15.71. On the upside, there is a resistance level at 16.25. A further resistance level may holdings at 16.51. The Relative Strength Index (RSI) on the 14-day chart is 48.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.34%. Stochastics %K at 49.66% indicates the stock is a holding.
