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.
Source Fool.com
Chewy Inc Stock
€28.77
1.360%
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
With a target price of 39 € there is a positive potential of 35.58% for Chewy Inc compared to the current price of 28.77 €.
