Chewy Inc’s filing revealed that its 10% Owner Argos Holdings GP LLC unloaded Company’s shares for reported $36.75 million on Oct 15 ’24. In the deal valued at $29.40 per share,1,250,000 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, Argos Holdings GP LLC sold 26,870,748 shares, generating $789,999,991 in total proceeds. Upon selling the shares at $29.40, the 10% Owner now owns 0 shares.
Before that, Bowman Stacy bought 20,921 shares. Chewy Inc shares valued at $619,889 were divested by the Former Officer at a price of $29.63 per share.
Citigroup upgraded its Chewy Inc [CHWY] rating to a Buy from a a Neutral in a research note published on November 08, 2024; the price target was increased to $40 from $28. TD Cowen began covering CHWY with “Buy” recommendation on October 09, 2024.
Price Performance Review of CHWY
On Monday, Chewy Inc [NYSE:CHWY] saw its stock jump 9.29% to $33.52. Over the last five days, the stock has gained 16.23%. Chewy Inc shares have risen nearly 41.85% since the year began. Nevertheless, the stocks have risen 68.53% 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 $29.02, while 200 days put it at $22.52.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 31.98, which if violated will result in even more drops to 30.45. On the upside, there is a resistance level at 34.36. A further resistance level may holdings at 35.20. The Relative Strength Index (RSI) on the 14-day chart is 75.19, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.90%. Stochastics %K at 90.65% indicates the stock is a selling.
How much short interest is there in Chewy Inc?
A steep rise in short interest was recorded in Chewy Inc stocks on 2024-10-15, dropping by -2.99 million shares to a total of 11.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.02 million shares. There was a decline of -27.1%, which implies that there is a negative sentiment for the stock.
