In a filing, Chewy Inc revealed its Member of immediate family of Singh Sumit acquired Company’s shares for reported $0.14 million on Dec 02 ’24. In the deal valued at $33.47 per share,4,243 shares were bought.
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Then, Mehta Satish bought 8,056 shares, generating $269,605 in total proceeds.
Before that, Singh Sumit bought 46,312 shares. Chewy Inc shares valued at $1,549,896 were divested by the Officer at a price of $33.47 per share.
BofA Securities upgraded its Chewy Inc [CHWY] rating to a Buy from a an Underperform in a research note published on November 20, 2024; the price target was increased to $40 from $24. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. TD Cowen started covering the stock on October 09, 2024. It rated CHWY as “a Buy”.
Price Performance Review of CHWY
On Monday, Chewy Inc [NYSE:CHWY] saw its stock jump 0.66% to $33.63. Over the last five days, the stock has lost -3.61%. Chewy Inc shares have risen nearly 42.32% since the year began. Nevertheless, the stocks have risen 93.05% 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 $30.17, while 200 days put it at $23.64.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 32.79, which if violated will result in even more drops to 31.96. On the upside, there is a resistance level at 34.28. A further resistance level may holdings at 34.94. The Relative Strength Index (RSI) on the 14-day chart is 59.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.38%. Stochastics %K at 49.92% indicates the stock is a holding.
How much short interest is there in Chewy Inc?
A steep rise in short interest was recorded in Chewy Inc stocks on 2024-11-15, growing by 2.37 million shares to a total of 13.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.03 million shares. There was a rise of 17.7%, which implies that there is a positive sentiment for the stock.
