Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Chewy Inc shares valued at $505,847 were sold by Singh Sumit on Jan 22 ’25. At $37.55 per share, Singh Sumit sold 13,472 shares. The insider’s holdings dropped to 505,109 shares worth approximately $19.67 million following the completion of this transaction.
Also, Singh Sumit sold 6,074 shares, netting a total of over 229,858 in proceeds. Following the sale of shares at $37.84 each, the insider now holds 499,035 shares.
Before that, Singh Sumit had added 6,074 shares to its account. In a trade valued at $229,858, the Officer bought Chewy Inc shares for $37.84 each.
As published in a research note from Argus on January 23, 2025, Chewy Inc [CHWY] has been rated up from a Hold to a Buy. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid January. As of January 06, 2025, Mizuho has increased its “Neutral” rating to a “an Outperform” for CHWY. Earlier on January 03, 2025, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for CHWY stock which previously was a “a Peer perform”.
Analyzing CHWY Stock Performance
During the last five days, there has been a surge of approximately 4.70%. Over the course of the year, Chewy Inc shares have jumped approximately 16.30%. Shares of the company reached a 52-week high of $39.62 on 01/27/25 and a 52-week low of $33.01 on 01/02/25. A 50-day SMA is recorded $34.60, while a 200-day SMA reached $27.06. Nevertheless, trading volume fell to 2.71 million shares from 4.07 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 38.49, which, if violated, would cause prices to drop to 38.04. In the upper region, resistance lies at 39.31. The next price resistance is at 39.68. RSI (Relative Strength Index) is 68.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.46, which suggests the price will increase in the coming days. Percent R is at 14.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
