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Why Chewy Stock Was Diving This Week


A badly received quarterly earnings report was the major news item exerting gravity on (NYSE: CHWY) stock over the past few days. As a result, according to data compiled by S&P Global Market Intelligence, the company's share price had slumped by almost 15% week-to-date as of Thursday evening.

That sell-off happened even though Chewy actually topped analyst estimates for revenue and profitability, albeit not by vast amounts.

Image source: Getty Images.

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Source Fool.com

Chewy Inc Stock

€27.13
-2.440%
We can see a decrease in the price for Chewy Inc. Compared to yesterday it has lost -€0.675 (-2.440%).
With 40 Buy predictions and not a single Sell prediction Chewy Inc is an absolute favorite of our community.
As a result the target price of 39 € shows a positive potential of 43.75% compared to the current price of 27.13 € for Chewy Inc.
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