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 $36,750,000 were sold by Argos Holdings GP LLC on Oct 15 ’24. At $29.40 per share, Argos Holdings GP LLC sold 1,250,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Argos Holdings GP LLC sold 26,870,748 shares, netting a total of over 789,999,991 in proceeds. Following the sale of shares at $29.40 each, the insider now holds 0 shares.
Before that, Bowman Stacy had added 20,921 shares to its account. In a trade valued at $619,889, the Former Officer bought Chewy Inc shares for $29.63 each.
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 drop of approximately -0.68%. Over the course of the year, Chewy Inc shares have jumped approximately 24.08%. 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 $28.29, while a 200-day SMA reached $21.79. Nevertheless, trading volume fell to 4.26 million shares from 3.43 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 28.80, which, if violated, would cause prices to drop to 28.29. In the upper region, resistance lies at 29.94. The next price resistance is at 30.57. RSI (Relative Strength Index) is 51.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 46.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
