Shares of Chewy are trading lower after the company announced a $500M repurchase of shares from BC Partners.
Portfolio Pulse from Benzinga Newsdesk
Shares of Chewy (CHWY) are trading lower following the announcement of a $500M share repurchase from BC Partners.

June 27, 2024 | 2:51 pm
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Chewy's shares are trading lower after the company announced a $500M share repurchase from BC Partners.
The announcement of a $500M share repurchase from BC Partners has led to a decline in Chewy's stock price. This could be due to investor concerns about the company's cash outflow or the implications of the repurchase on future growth and financial stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100