Chewy Is Down, but This Stock Is Really in the Doghouse
The stock market looked ready to finish the week on a positive note, with major indexes posting modest gains. As of 1 p.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 71 points to 35,826. The S&P 500 (SNPINDEX: ^GSPC) rose 25 points to 4,692, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 50 points to 15,566.
Yet even amid a positive mood on Wall Street, a couple of stocks took significant hits. Pet supplies e-commerce specialist Chewy (NYSE: CHWY) took a sizable hit after releasing earnings results that didn't leave investors feeling as confident about the stock. However, the declines were much worse for another company that saw the departure of its founder. Below, we'll reveal the identity of that stock, but first, let's see what's happening with Chewy on Friday.
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Source Fool.com
