Why Chewy Fell to a 52-Week Low Today
Shares of pet food e-commerce leader (NYSE: CHWY) were plunging today, down 5.3% and reaching an ignominious 52-week low.
There wasn't too much in the way of company-specific news today. However, as a growth stock that is highly dependent on consumers continuing to buy pets and then buy more products for them, the stock wasn't helped by today's weaker-than-expected consumer sentiment survey from the University of Michigan.
Oh, and widely followed stock commentator Jim Cramer had a pessimistic take on the stock on his show last night, too.
Source Fool.com
Chewy Inc Stock
€25.53
-3.780%
With 36 Buy predictions and 4 Sell predictions Chewy Inc is one of the favorites of our community.
As a result the target price of 28 € shows a slightly positive potential of 9.67% compared to the current price of 25.53 € for Chewy Inc.
