Chewy Inc’s recently made public that its Officer Reeder David acquired Company’s shares for reported $11.53 million on Feb 07 ’25. In the deal valued at $37.49 per share,307,558 shares were bought.
Then, Singh Sumit sold 57,432 shares, generating $2,176,736 in total proceeds. Upon selling the shares at $37.90, the Chief Executive Officer now owns 877,704 shares.
Before that, Singh Sumit sold 56,952 shares. Chewy Inc shares valued at $2,176,705 were divested by the Chief Executive Officer at a price of $38.22 per share. As a result of the transaction, Singh Sumit now holds 820,752 shares, worth roughly $30.99 million.
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 Monday, Chewy Inc [NYSE:CHWY] saw its stock jump 1.61% to $37.76. Over the last five days, the stock has lost -1.00%. Chewy Inc shares have risen nearly 12.75% since the year began. Nevertheless, the stocks have risen 123.04% 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 $35.38, while 200 days put it at $27.95.
Levels Of Support And Resistance For CHWY Stock
The 24-hour chart illustrates a support level at 37.34, which if violated will result in even more drops to 36.92. On the upside, there is a resistance level at 38.23. A further resistance level may holdings at 38.69. The Relative Strength Index (RSI) on the 14-day chart is 53.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.64%. Stochastics %K at 40.42% 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.
