Why Chewy Stock Was Diving This Week
A badly received quarterly earnings report was the major news item exerting gravity on Chewy (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.Continue reading
A badly received quarterly earnings report was the major news item exerting gravity on Chewy (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.
