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 sold by Singh Sumit on Dec 19 ’24. At $32.50 per share, Singh Sumit sold 71,161 shares. The insider’s holdings dropped to 77,838 shares worth approximately $2.73 million following the completion of this transaction.
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Also, Singh Sumit purchased 71,161 shares, netting a total of over 2,312,732 in proceeds.
Before that, Argos Holdings GP LLC had sold 19,827,242 shares from its account. In a trade valued at $620,989,219, the 10% Owner traded Chewy Inc shares for $31.32 each. Upon closing the transaction, the insider’s holdings decreased to 19,827,242 shares, worth approximately $0.0.
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 3.99%. Over the course of the year, Chewy Inc shares have jumped approximately 47.91%. 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 $31.27, while a 200-day SMA reached $24.89. Nevertheless, trading volume fell to 2.31 million shares from 4.7 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 34.74, which, if violated, would cause prices to drop to 34.47. In the upper region, resistance lies at 35.24. The next price resistance is at 35.47. RSI (Relative Strength Index) is 61.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.92, which suggests the price will increase in the coming days. Percent R is at 4.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
