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Why Chewy Stock Lost 26% in September

TheMotleyFool

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Shares of Chewy (NYSE: CHWY) were getting sent to the doghouse in September after the high-flying online pet products seller posted an earnings report that didn't meet investors' lofty expectations. The company also got swept up in the broader sell-off in IPO (initial public offering) stocks.

As the chart below shows, the stock fell in several stages over the course of the month, though its earnings report on Sept. 17 prompted the sell-off that followed in the second half.