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Why Chewy Plunged 29.3% in August

TheMotleyFool 
0 0 06.09.23
Why Chewy Plunged 29.3% in AugustPhoto, wide shot, wide-angle lens, Online marketplace, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/27d484d8-d1b1-4519-9797-b5dcaa68d4e2.png
 

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.

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Source Fool.com

Chewy Inc Stock

€20.22
-1.650%
We can see a decrease in the price for Chewy Inc. Compared to yesterday it has lost -€0.340 (-1.650%).
With 50 Buy predictions and not a single Sell prediction Chewy Inc is an absolute favorite of our community.
As a result the target price of 36 € shows a very positive potential of 78.04% compared to the current price of 20.22 € for Chewy Inc.
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