Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Chewy Inc shares valued at $14,389 were sold by Bowman Stacy on Aug 02 ’24. At $22.24 per share, Bowman Stacy sold 647 shares. The insider’s holdings dropped to 245,561 shares worth approximately $6.5 million following the completion of this transaction.
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Also, Mehta Satish sold 2,894 shares, netting a total of over 64,360 in proceeds. Following the sale of shares at $22.24 each, the insider now holds 573,463 shares.
Before that, Singh Sumit had sold 14,338 shares from its account. In a trade valued at $318,863, the Chief Executive Officer traded Chewy Inc shares for $22.24 each. Upon closing the transaction, the insider’s holdings decreased to 14,338 shares, worth approximately $37.03 million.
As published in their initiating research note from Wolfe Research on July 16, 2024, Chewy Inc [CHWY] has been a Peer perform. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early July. As of March 19, 2024, Mizuho has initiated its “Neutral” rating for CHWY. Earlier on January 11, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for CHWY stock which previously was a “an Equal weight”.
Analyzing CHWY Stock Performance
During the last five days, there has been a surge of approximately 11.73%. Over the course of the year, Chewy Inc shares have jumped approximately 12.06%. Shares of the company reached a 52-week high of $39.10 on 06/27/24 and a 52-week low of $14.69 on 04/25/24. A 50-day SMA is recorded $24.87, while a 200-day SMA reached $20.00. Nevertheless, trading volume fell to 4.59 million shares from 4.19 million shares the previous day.
Support And Resistance Levels for Chewy Inc (CHWY)
According to the 24-hour chart, there is a support level at 25.98, which, if violated, would cause prices to drop to 25.47. In the upper region, resistance lies at 26.84. The next price resistance is at 27.19. RSI (Relative Strength Index) is 61.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.70, which suggests the price will increase in the coming days. Percent R is at 3.03%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
