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 $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.
Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. Earlier on August 21, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for CHWY stock which previously was a “an Outperform”.
Analyzing CHWY Stock Performance
During the last five days, there has been a drop of approximately -0.44%. Over the course of the year, Chewy Inc shares have jumped approximately 14.13%. 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 $28.64, while a 200-day SMA reached $22.16. Nevertheless, trading volume fell to 3.39 million shares from 2.84 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 26.46, which, if violated, would cause prices to drop to 25.94. In the upper region, resistance lies at 27.36. The next price resistance is at 27.74. RSI (Relative Strength Index) is 40.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.08, which suggests the price will decrease in the coming days. Percent R is at 81.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
