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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 a research note from BofA Securities on November 20, 2024, Chewy Inc [CHWY] has been rated up from an Underperform to a Buy and the price target has been revised to $40 from $24. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. Earlier on October 09, 2024, TD Cowen initiated its rating. Their recommendation was “a Buy” for CHWY stock.
Analyzing CHWY Stock Performance
During the last five days, there has been a drop of approximately -3.73%. Over the course of the year, Chewy Inc shares have jumped approximately 41.05%. 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 $30.05, while a 200-day SMA reached $23.48. Nevertheless, trading volume fell to 2.97 million shares from 3.79 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 33.02, which, if violated, would cause prices to drop to 32.71. In the upper region, resistance lies at 33.90. The next price resistance is at 34.48. RSI (Relative Strength Index) is 58.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 45.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
