Why Chewy Stock Fell 11.3% in the First Half of 2021
Shares of online pet retailer Chewy (NYSE: CHWY) fell 11.3% in the first half of 2021, according to data from S&P Global Market Intelligence. Investors were concerned about how economic reopenings would affect sales and customer acquisition.
However, the stock is rebounding of late and is up 12.7% in the last month. Still, the recent gains were not enough to put it in positive territory for the year.
Chewy's stock was down 11.3% in the first half of 2021. Image source: Getty Images.
Source Fool.com
