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Why Chewy Stock Dropped on Thursday

TheMotleyFool 
0 0 21.03.24
Why Chewy Stock Dropped on ThursdayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png
 

Chewy (NYSE: CHWY) stock found itself in the doghouse on Thursday. Shares fell 6% through early afternoon trading, compared to a modest uptick in the S 500. That move contributed to a rough year for owners of the pet supply retailer, which is down over 50% in the past 12 months.

Thursday's slump was sparked by some discouraging news on the earnings front .

Chewy executives reported Q4 operating results before the market opened, and Wall Street wasn't thrilled with the details. While the e-commerce specialist boosted sales and improved its profit margin, both metrics were sluggish. Looking deeper into the results reveals some caution signs for the future.

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Source Fool.com

Chewy Inc Stock

€19.47
-0.360%
Chewy Inc shows a slight decrease today, losing -€0.070 (-0.360%) compared to yesterday.
The stock is an absolute favorite of our community with 50 Buy predictions and no Sell predictions.
With a target price of 36 € there is a hugely positive potential of 84.95% for Chewy Inc compared to the current price of 19.47 €.
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