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 $1,549,896 were sold by Singh Sumit on Dec 02 ’24. At $33.47 per share, Singh Sumit sold 46,312 shares. The insider’s holdings dropped to 1,470,125 shares worth approximately $45.68 million following the completion of this transaction.
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Also, Singh Sumit sold 4,243 shares, netting a total of over 141,998 in proceeds. Following the sale of shares at $33.47 each, the insider now holds 148,999 shares.
Before that, Mehta Satish had sold 8,056 shares from its account. In a trade valued at $269,605, the Chief Technology Officer traded Chewy Inc shares for $33.47 each. Upon closing the transaction, the insider’s holdings decreased to 8,056 shares, worth approximately $18.21 million.
As published in a research note from Exane BNP Paribas on December 05, 2024, Chewy Inc [CHWY] has been rated down from an Outperform to a Neutral. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of November 08, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for CHWY.
Analyzing CHWY Stock Performance
During the last five days, there has been a drop of approximately -6.78%. Over the course of the year, Chewy Inc shares have jumped approximately 31.49%. 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 $30.36, while a 200-day SMA reached $23.88. Nevertheless, trading volume fell to 9.71 million shares from 2.82 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 30.36, which, if violated, would cause prices to drop to 29.64. In the upper region, resistance lies at 32.43. The next price resistance is at 33.78. RSI (Relative Strength Index) is 44.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 80.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
