Chewy Inc’s recent filing unveils that its Chief Executive Officer Singh Sumit unloaded Company’s shares for reported $0.37 million on Jan 30 ’25. In the deal valued at $40.00 per share,9,285 shares were sold. As a result of this transaction, Singh Sumit now holds 489,750 shares worth roughly $19.09 million.
Then, Mehta Satish sold 83,639 shares, generating $3,345,560 in total proceeds. Upon selling the shares at $40.00, the Chief Technology Officer now owns 334,218 shares.
Before that, Singh Sumit bought 9,285 shares. Chewy Inc shares valued at $371,426 were divested by the Officer at a price of $40.00 per share.
Argus upgraded its Chewy Inc [CHWY] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid January from “an In-line” to “an Outperform”. Mizuho also remained covering CHWY and has increased its forecast on January 06, 2025 with a “an Outperform” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on January 03, 2025. It rated CHWY as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of CHWY
On Friday, Chewy Inc [NYSE:CHWY] saw its stock fall -2.06% to $38.98. Over the last five days, the stock has lost -0.74%. Chewy Inc shares have risen nearly 16.39% since the year began. Nevertheless, the stocks have risen 112.31% over the past one year. While a 52-week high of $40.09 was reached on 01/30/25, a 52-week low of $14.69 was recorded on 01/02/25. SMA at 50 days reached $34.90, while 200 days put it at $27.29.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 38.61, which if violated will result in even more drops to 38.24. On the upside, there is a resistance level at 39.67. A further resistance level may holdings at 40.37. The Relative Strength Index (RSI) on the 14-day chart is 64.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.45%. Stochastics %K at 84.61% indicates the stock is a selling.
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.
