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 Stock
€14.98
0.930%
The stock is one of the favorites of our community with 30 Buy predictions and 3 Sell predictions.
With a target price of 28 € there is a hugely positive potential of 86.87% for Chewy Inc compared to the current price of 14.98 €.
