Why Chewy Stock Was Up on Monday
Chewy (NYSE: CHWY) investors were beating the market early Monday as the stock gained 4% by 10:30 a.m. ET, compared to a 0.1% uptick in the S&P 500 index. The stock then settled back down to a 1% uptick by 11 a.m.
The pet supply specialist's stock remains in negative territory so far in 2022, down roughly 25%. Yet those losses have been cut in half since early October.
Monday's uptick continues that bullish trend as investors gain more confidence in Chewy's business following an upbeat Q3 earnings report late last week.
Source Fool.com
