Chewy (NYSE:CHWY) Stock Price Down 3.8% After Insider Selling
Chewy, Inc. (NYSE:CHWY – Get Rating)’s stock price was down 3.8% during trading on Thursday following insider selling activity. The stock traded as low as $46.32 and last traded at $46.42. Approximately 11,546 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 3,836,545 shares. The stock had previously closed at $48.25.Specifically, Director James A. Star bought 36,127 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was purchased at an average cost of $27.71 per share, with a total value of $1,001,079.17. Following the acquisition, the director now directly owns 110,949 shares in the company, valued at $3,074,396.79. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Chewy news, CEO Sumit Singh sold 217,986 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $49.29, for a total transaction of $10,744,529.94. Following the transaction, the chief executive officer now owns 504,715 shares in the company, valued at $24,877,402.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James A. Star acquired 36,127 shares of the company’s stock in a transaction on Monday, June 6th. The stock was acquired at an average cost of $27.71 per share, for a total transaction of $1,001,079.17. Following the completion of the acquisition, the director now owns 110,949 shares of the company’s stock, valued at approximately $3,074,396.79. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 580,777 shares of company stock valued at $20,865,839. 1.80% of the stock is owned by company insiders.