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 $7,422 were sold by Singh Sumit on Mar 03 ’25. At $36.92 per share, Singh Sumit sold 201 shares. The insider’s holdings dropped to 48,354 shares worth approximately $1.78 million following the completion of this transaction.
Also, Singh Sumit purchased 201 shares, netting a total of over 7,422 in proceeds.
Before that, Reeder David had sold 307,558 shares from its account. In a trade valued at $11,527,871, the Chief Financial Officer traded Chewy Inc shares for $37.48 each. Upon closing the transaction, the insider’s holdings decreased to 307,558 shares, worth approximately $0.0.
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 2.96%. Over the course of the year, Chewy Inc shares have jumped approximately 10.12%. Shares of the company reached a 52-week high of $40.09 on 01/30/25 and a 52-week low of $32.13 on 03/04/25. A 50-day SMA is recorded $36.60, while a 200-day SMA reached $29.60.
Support And Resistance Levels for Chewy Inc (CHWY)
According to the 24-hour chart, there is a support level at 34.92, which, if violated, would cause prices to drop to 32.97. In the upper region, resistance lies at 37.89. The next price resistance is at 38.91. RSI (Relative Strength Index) is 51.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 31.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
