In a filing, Chewy Inc revealed its Officer Singh Sumit acquired Company’s shares for reported $6.82 million on Jan 03 ’25. In the deal valued at $35.68 per share,191,096 shares were bought.
Then, Singh Sumit sold 571,903 shares, generating $19,739,376 in total proceeds. Upon selling the shares at $34.52, the Chief Executive Officer now owns 898,222 shares.
Before that, Singh Sumit bought 571,903 shares. Chewy Inc shares valued at $19,739,569 were divested by the Officer at a price of $34.52 per share.
Wolfe Research upgraded its Chewy Inc [CHWY] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Neutral”. BofA Securities also remained covering CHWY and has increased its forecast on November 20, 2024 with a “Buy” recommendation from previously “an Underperform” rating. Citigroup revised its rating on November 08, 2024. It rated CHWY as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CHWY
On Friday, Chewy Inc [NYSE:CHWY] saw its stock jump 6.17% to $35.96. Over the last five days, the stock has gained 5.67%. Chewy Inc shares have risen nearly 7.38% since the year began. Nevertheless, the stocks have risen 72.22% over the past one year. While a 52-week high of $39.10 was reached on 01/03/25, a 52-week low of $14.69 was recorded on 01/02/25. SMA at 50 days reached $31.94, while 200 days put it at $25.40.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 34.95, which if violated will result in even more drops to 33.93. On the upside, there is a resistance level at 36.56. A further resistance level may holdings at 37.15. The Relative Strength Index (RSI) on the 14-day chart is 63.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.03%. Stochastics %K at 68.47% 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.
