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.

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Source Fool.com