Stock analysts at Wedbush initiated coverage on shares of Chewy (NYSE:CHWY) in a research note issued to investors on Thursday, June 20th, MarketBeat.com reports. The brokerage set a “neutral” rating on the stock.
NYSE CHWY traded up $0.58 during trading on Thursday, hitting $33.96. 1,414,475 shares of the stock traded hands, compared to its average volume of 7,824,823. Chewy has a 12-month low of $30.78 and a 12-month high of $41.34.
In other Chewy news, CFO Mario Jesus Marte acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of $22.00 per share, for a total transaction of $330,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $20.90, for a total value of $1,000,587,500.00. The disclosure for this sale can be found here. In the last quarter, insiders bought 152,500 shares of company stock valued at $3,355,000.
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.
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