Summary by Moomoo AI
On 12/13/2024, Argos Holdings GP LLC, a major shareholder of Chewy, executed a significant stock transaction. The entity acquired and subsequently sold 19,827,242 shares of Chewy's Class A common stock at $31.32 per share, resulting in a total transaction value of approximately $621 million.The transaction was conducted in two parts: an initial sale of 18,230,818 shares, followed by a sale of the remaining 1,596,424 shares. Both sales were executed at the same price of $31.32 per share. After these transactions, Argos Holdings GP LLC no longer holds any shares of Chewy.This large-scale divestment by a major shareholder could potentially impact Chewy's stock price and investor sentiment. The transaction's timing, set for December 2024, suggests it may be part of a pre-planned exit strategy or portfolio rebalancing by Argos Holdings GP LLC.
