Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chewy Inc shares valued at $2,312,732 were purchased by Singh Sumit on Dec 19 ’24. At $32.50 per share, Singh Sumit acquired 71,161 shares.
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Also, Argos Holdings GP LLC sold 19,827,242 shares, netting a total of over 620,989,219 in proceeds. Following the sale of shares at $31.32 each, the insider now holds 0 shares.
Before that, Singh Sumit had sold 46,312 shares from its account. In a trade valued at $1,549,896, the Chief Executive Officer traded Chewy Inc shares for $33.47 each. Upon closing the transaction, the insider’s holdings decreased to 46,312 shares, worth approximately $47.75 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 surge of approximately 1.91%. Over the course of the year, Chewy Inc shares have jumped approximately 37.45%. 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 $30.94, while a 200-day SMA reached $24.64. Nevertheless, trading volume fell to 5.18 million shares from 4.25 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 31.77, which, if violated, would cause prices to drop to 31.07. In the upper region, resistance lies at 33.10. The next price resistance is at 33.72. RSI (Relative Strength Index) is 51.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 44.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
