In a filing, Chewy Inc revealed its 10% Owner Argos Holdings GP LLC unloaded Company’s shares for reported $620.99 million on Dec 13 ’24. In the deal valued at $31.32 per share,19,827,242 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, Singh Sumit sold 46,312 shares, generating $1,549,896 in total proceeds. Upon selling the shares at $33.47, the Chief Executive Officer now owns 1,470,125 shares.
Before that, Singh Sumit sold 4,243 shares. Chewy Inc shares valued at $141,998 were divested by the Chief Executive Officer at a price of $33.47 per share. As a result of the transaction, Singh Sumit now holds 148,999 shares, worth roughly $5.0 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 jump 4.00% to $33.55. Over the last five days, the stock has gained 8.61%. Chewy Inc shares have risen nearly 41.98% since the year began. Nevertheless, the stocks have risen 66.17% 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 $30.74, while 200 days put it at $24.41.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 32.66, which if violated will result in even more drops to 31.76. On the upside, there is a resistance level at 34.13. A further resistance level may holdings at 34.71. The Relative Strength Index (RSI) on the 14-day chart is 57.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.87%. Stochastics %K at 48.72% 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.
