What's Going On With Chewy Stock?
Portfolio Pulse from Erica Kollmann
Chewy, Inc. (NYSE:CHWY) shares are trading lower on Friday despite being up over 60% in the past month. The stock spiked on Thursday after a social media post by Roaring Kitty but ended the session down 0.31%. Chewy recently announced a $500 million share repurchase program and received positive analyst ratings and price target increases from Goldman Sachs, Guggenheim, and Wedbush.
June 28, 2024 | 2:39 pm
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POSITIVE IMPACT
Chewy shares are experiencing volatility, influenced by a social media post and recent positive analyst ratings. The company announced a $500 million share repurchase program, which could support the stock price.
The stock's recent volatility is due to a social media post and positive analyst ratings. The $500 million share repurchase program is a significant move that could support the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100