3 Years Ago
1 Min Read
CHWY down -8%. Here's what's moving the stock:
Shares of Chewy Inc (CHWY) are trading -8% lower at a price of $38.22 at the time of this writing.
- Wedbush cut its rating, sees downside risk
- Analyst Seth Basham cut to Neutral from Outperform, lowered target from $44 to $35
- Basham: "We forecast just 2% active customer growth for FY22 (vs. consensus’ +4%). Recent Google trends data indicates limited improvement since the slowdown in 1Q with 2QTD y/y search interest decelerating ~120 bps vs. 1Q on average for the basket of pet related search terms we track."
Chewy Inc has been trading between a 52-week high of $97.74 and a 52-week low of $22.22. The stock has a market cap of $15.2 Billion.
Chewy's mission is to be the most trusted and convenient online destination for pet parents (and partners) everywhere. The Company believes to be the preeminent online source for pet products, supplies and prescriptions as a result of its broad selection of high-quality products, which its offers at competitive prices and deliver with an exceptional level of care and a personal touch. The Company continually develops innovative ways for its customers to engage with them, and partner with approximately 2,500 of the best and most trusted brands in the pet industry, to bring a high-bar, customer-centric experience to its customers.
Headlines
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