Why Chewy Plunged 29.3% in August
Shares of online pet retailer (NYSE: CHWY) fell 29.3% in August, according to data from S&P Global Market Intelligence.
As a growth stock with little in the way of current profits, Chewy was hammered throughout the month as worries over inflation reignited and long-term interest rates rose.
The month was capped off with Chewy's Aug. 30 earnings report, which, while beating analyst expectations, showed a worrying decline in active users and cautious commentary from management.
Source Fool.com
Chewy Inc Aktie
19,61 €
2,51 %
Volle Unterstützung für Chewy Inc: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 36 € für Chewy Inc bedeutet eine mögliche Steigerung um über 50% im Vergleich zu 19.61 €.
