The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Chewy Inc shares valued at $271,090 were purchased by Singh Sumit on Jan 16 ’25. At $37.51 per share, Singh Sumit acquired 7,228 shares.
Also, Singh Sumit purchased 114,130 shares, netting a total of over 4,302,267 in proceeds.
Before that, Mehta Satish had sold 168,105 shares from its account. In a trade valued at $6,106,081, the Chief Technology Officer traded Chewy Inc shares for $36.32 each. Upon closing the transaction, the insider’s holdings decreased to 168,105 shares, worth approximately $15.57 million.
As published in a research note from Evercore ISI on January 13, 2025, Chewy Inc [CHWY] has been rated up from an In-line to an Outperform and the price target has been revised to $47 from $34. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of January 03, 2025, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for CHWY. Earlier on December 05, 2024, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for CHWY stock which previously was a “an Outperform”.
Analyzing CHWY Stock Performance
During the last five days, there has been a surge of approximately 2.93%. Over the course of the year, Chewy Inc shares have jumped approximately 11.29%. Shares of the company reached a 52-week high of $37.96 on 01/15/25 and a 52-week low of $33.01 on 01/02/25. A 50-day SMA is recorded $33.46, while a 200-day SMA reached $26.21. Nevertheless, trading volume fell to 4.28 million shares from 6.0 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 36.68, which, if violated, would cause prices to drop to 36.10. In the upper region, resistance lies at 37.72. The next price resistance is at 38.18. RSI (Relative Strength Index) is 64.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.36, which suggests the price will increase in the coming days. Percent R is at 13.94%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
