Chewy Inc’s recently made public that its Officer Singh Sumit acquired Company’s shares for reported $19.74 million on Dec 26 ’24. In the deal valued at $34.52 per share,571,903 shares were bought.
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Then, Singh Sumit sold 71,161 shares, generating $2,490,635 in total proceeds. Upon selling the shares at $35.00, the Chief Executive Officer now owns 6,677 shares.
Before that, Singh Sumit bought 71,161 shares. Chewy Inc shares valued at $2,490,635 were divested by the Member of immediate family of at a price of $35.00 per share.
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 Friday, Chewy Inc [NYSE:CHWY] saw its stock jump 0.12% to $34.07. Over the last five days, the stock has gained 4.90%. Chewy Inc shares have risen nearly 44.18% since the year began. Nevertheless, the stocks have risen 37.88% 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 $31.47, while 200 days put it at $25.05.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 33.50, which if violated will result in even more drops to 32.92. On the upside, there is a resistance level at 34.70. A further resistance level may holdings at 35.32. The Relative Strength Index (RSI) on the 14-day chart is 56.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.92%. Stochastics %K at 78.36% 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.