Chewy Inc’s filing revealed that its 10% Owner Argos Holdings GP LLC unloaded Company’s shares for reported $790.0 million on Sep 23 ’24. In the deal valued at $29.40 per share,26,870,748 shares were sold. As a result of this transaction, Argos Holdings GP LLC now holds 0 shares worth roughly $0.0.
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Then, Bowman Stacy bought 20,921 shares, generating $619,889 in total proceeds.
Before that, Singh Sumit sold 131 shares. Chewy Inc shares valued at $3,652 were divested by the Chief Executive Officer at a price of $27.88 per share. As a result of the transaction, Singh Sumit now holds 142,322 shares, worth roughly $3.99 million.
A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late August from “an Outperform” to “a Mkt perform”. Wolfe Research began covering CHWY with “Peer perform” recommendation on July 16, 2024. Argus revised its rating on July 09, 2024. It rated CHWY as “a Hold” which previously was an “a Buy”.
Price Performance Review of CHWY
On Monday, Chewy Inc [NYSE:CHWY] saw its stock fall -3.45% to $28.02. Over the last five days, the stock has lost -4.34%. Chewy Inc shares have risen nearly 18.58% since the year began. Nevertheless, the stocks have risen 51.87% over the past one year. While a 52-week high of $39.10 was reached on 06/27/24, a 52-week low of $14.69 was recorded on 04/25/24. SMA at 50 days reached $27.33, while 200 days put it at $21.58.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 27.35, which if violated will result in even more drops to 26.68. On the upside, there is a resistance level at 28.82. A further resistance level may holdings at 29.62. The Relative Strength Index (RSI) on the 14-day chart is 44.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.13%. Stochastics %K at 19.89% indicates the stock is a buying.
How much short interest is there in Chewy Inc?
A steep rise in short interest was recorded in Chewy Inc stocks on 2024-09-13, dropping by -0.84 million shares to a total of 14.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.86 million shares. There was a decline of -5.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 19, 2024 when Mizuho began covering the stock and recommended ‘”a Neutral”‘ rating along with a $18 price target.
