Chewy Stock Jumps 10.6% on New Meme Status and Promptly Loses It
(NYSE: CHWY) almost gained meme status this week. The stock jumped after Keith Gill, aka Roaring Kitty, posted a picture of a dog. Yes, that's it! But that's how memes start.
Shares jumped as much as 10.6% mostly on Thursday, according to data provided by S&P Global Market Intelligence, but gave back most of those gains. At 3 p.m. ET on Friday, the stock was up just 5.3% for the week.
On Thursday, Roaring Kitty posted a picture of a dog and that's when shares took off. Since his return to social media, traders have tried to determine what stock he's buying next and if it will gain meme status the way GameStop did.
Source Fool.com
Chewy Inc Stock
€25.82
-0.350%
The stock is one of the favorites of our community with 38 Buy predictions and 4 Sell predictions.
With a target price of 29 € there is a slightly positive potential of 12.32% for Chewy Inc compared to the current price of 25.82 €.
