Chewy Inc’s recently made public that its Officer Mehta Satish acquired Company’s shares for reported $6.11 million on Jan 13 ’25. In the deal valued at $36.32 per share,168,105 shares were bought.
Then, Argos Holdings GP LLC sold 7,000,000 shares, generating $250,390,000 in total proceeds. Upon selling the shares at $35.77, the 10% Owner now owns 0 shares.
Before that, Singh Sumit sold 63,187 shares. Chewy Inc shares valued at $2,377,221 were divested by the Chief Executive Officer at a price of $37.62 per share. As a result of the transaction, Singh Sumit now holds 643,939 shares, worth roughly $23.1 million.
Evercore ISI upgraded its Chewy Inc [CHWY] rating to an Outperform from a an In-line in a research note published on January 13, 2025; the price target was increased to $47 from $34. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Outperform”. Wolfe Research also remained covering CHWY and has increased its forecast on January 03, 2025 with a “an Outperform” recommendation from previously “Peer perform” rating. Exane BNP Paribas revised its rating on December 05, 2024. It rated CHWY as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of CHWY
On Monday, Chewy Inc [NYSE:CHWY] saw its stock fall -1.21% to $35.88. Over the last five days, the stock has lost -0.22%. Chewy Inc shares have risen nearly 7.14% since the year began. Nevertheless, the stocks have risen 79.94% over the past one year. While a 52-week high of $39.10 was reached on 01/06/25, a 52-week low of $14.69 was recorded on 01/02/25. SMA at 50 days reached $32.86, while 200 days put it at $25.90.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 35.43, which if violated will result in even more drops to 34.98. On the upside, there is a resistance level at 36.63. A further resistance level may holdings at 37.38. The Relative Strength Index (RSI) on the 14-day chart is 58.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.89%. Stochastics %K at 71.83% 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.
