In a filing, Chewy Inc revealed its Chief Executive Officer Singh Sumit unloaded Company’s shares for reported $1.55 million on Dec 02 ’24. In the deal valued at $33.47 per share,46,312 shares were sold. As a result of this transaction, Singh Sumit now holds 1,470,125 shares worth roughly $45.41 million.
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Then, Singh Sumit sold 4,243 shares, generating $141,998 in total proceeds. Upon selling the shares at $33.47, the Chief Executive Officer now owns 148,999 shares.
Before that, Mehta Satish sold 8,056 shares. Chewy Inc shares valued at $269,605 were divested by the Chief Technology Officer at a price of $33.47 per share. As a result of the transaction, Mehta Satish now holds 585,962 shares, worth roughly $18.1 million.
Exane BNP Paribas downgraded its Chewy Inc [CHWY] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid November from “an Underperform” to “a Buy”. Citigroup also remained covering CHWY and has increased its forecast on November 08, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of CHWY
On Monday, Chewy Inc [NYSE:CHWY] saw its stock fall -2.18% to $30.89. Over the last five days, the stock has lost -8.15%. Chewy Inc shares have risen nearly 30.72% since the year began. Nevertheless, the stocks have risen 60.63% 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 $30.42, while 200 days put it at $24.03.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 30.46, which if violated will result in even more drops to 30.04. On the upside, there is a resistance level at 31.57. A further resistance level may holdings at 32.26. The Relative Strength Index (RSI) on the 14-day chart is 43.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.42%. Stochastics %K at 21.44% 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.
The most recent change occurred on October 09, 2024 when TD Cowen began covering the stock and recommended ‘”a Buy”‘ rating along with a $38 price target.
