Is Chewy a Buy After the Company Just Raised Its Guidance?
Portfolio Pulse from
Chewy's stock fell last week despite the company raising its full-year guidance after third-quarter results. However, the stock has performed well in 2024, with a 33% increase year-to-date.
December 10, 2024 | 9:45 am
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NEUTRAL IMPACT
Chewy's stock declined last week after third-quarter results, even though the company raised its full-year guidance. The stock has increased by 33% in 2024.
Chewy's stock price fell last week despite positive guidance, indicating potential short-term volatility. However, the stock's strong performance in 2024 suggests underlying investor confidence. The mixed signals from the guidance raise and stock drop result in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100