What's Going On With Chewy Stock?
Portfolio Pulse from Erica Kollmann
Chewy, Inc. (NYSE:CHWY) shares have surged over 60% in the past month, driven by strong first-quarter results and a price target upgrade from Goldman Sachs. The stock is experiencing heavy trading volume and short interest, contributing to significant price movements.
June 18, 2024 | 4:47 pm
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POSITIVE IMPACT
Chewy's stock has surged over 60% in the past month following strong Q1 results and a price target upgrade from Goldman Sachs. The stock is trading above its 50-day moving average but remains below its 52-week high. Heavy trading volume and short interest are contributing to significant price movements.
The strong Q1 results and the price target upgrade from Goldman Sachs are positive indicators for Chewy's stock. The heavy trading volume and short interest suggest that the stock could continue to experience significant price movements in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100