Significant Insider Selling Hits Chewy, Inc.

Published 11 hours agoCHWY

Significant Insider Selling Hits Chewy, Inc.

Recent movements in Chewy, Inc.'s stock have drawn attention as significant insider sales have been made by prominent figures associated with the online pet supply giant. Keith Gill, famously known as 'Roaring Kitty', sold his entire 6.6% stake in Chewy, which amounts to about 9 million shares. This large sell-off contributed to nearly a 2% dip in the company's stock price, as noted by Reuters.

In addition to Gill's exit, other key insiders have also sold off substantial amounts of their shares. On February 7, 2025, Chewy's CFO, David Reeder, sold 307,558 shares at an average price of $37.48, yielding approximately $11.5 million. Furthermore, CEO Sumit Singh offloaded a total of 642,225 shares between December 19 and December 26, 2024, at prices ranging from $32.50 to $35.00, accounting for over $24 million in sales. Another major sale occurred on October 15, 2024, when Argos Holdings GP LLC sold 1,250,000 shares at $29.40 each, totaling about $36.75 million.

While these insider sales may suggest waning confidence in Chewy's immediate future, it is crucial to consider that such decisions can often be driven by personal financial strategies. These transactions highlight the complexities of interpreting insider activity, as noted by various publications such as Reuters and the Associated Press.

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