Check Out What Whales Are Doing With CHWY
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish trend on Chewy (NYSE:CHWY) with 58% of unusual trades being bearish. The trades indicate a target price range of $14.5 to $22.5. Chewy, a leading e-commerce pet care retailer, saw its stock price drop by -3.05% to $16.86. Analysts have adjusted their ratings, with a consensus target price of $26.5. The largest options trades suggest mixed sentiments, with both bullish and bearish positions taken on different expiration dates and strike prices.
March 18, 2024 | 8:16 pm
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Chewy has seen a bearish trend from financial giants with a significant portion of options trades being bearish. The stock price is currently down, and analysts have adjusted their ratings and price targets.
The bearish trend indicated by the financial giants' options trades, combined with the recent drop in stock price and the adjustments in analyst ratings and price targets, suggest a short-term negative impact on CHWY's stock price. The mixed sentiments in options trading, however, indicate that there is still some level of uncertainty and potential for volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100