The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Chewy Inc shares valued at $789,999,991 were sold by Argos Holdings GP LLC on Sep 23 ’24. At $29.40 per share, Argos Holdings GP LLC sold 26,870,748 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Bowman Stacy purchased 20,921 shares, netting a total of over 619,889 in proceeds.
Before that, Singh Sumit had sold 131 shares from its account. In a trade valued at $3,652, the Chief Executive Officer traded Chewy Inc shares for $27.88 each. Upon closing the transaction, the insider’s holdings decreased to 131 shares, worth approximately $4.2 million.
As published in their initiating research note from TD Cowen on October 09, 2024, Chewy Inc [CHWY] has been a Buy and the price target has been revised to $38. As of August 21, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for CHWY. Earlier on July 16, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for CHWY stock.
Analyzing CHWY Stock Performance
During the last five days, there has been a surge of approximately 1.86%. Over the course of the year, Chewy Inc shares have jumped approximately 24.93%. 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 $27.65, while a 200-day SMA reached $21.66. Nevertheless, trading volume fell to 4.34 million shares from 8.0 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 29.15, which, if violated, would cause prices to drop to 28.78. In the upper region, resistance lies at 30.14. The next price resistance is at 30.76. RSI (Relative Strength Index) is 52.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 40.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
