Home Stock Chewy posts mixed earnings: here is where to trade Chewy stock

Chewy posts mixed earnings: here is where to trade Chewy stock

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Chewy stock is on the decline, a day after posting mixed earnings and lowering 2022 guidance.

Chewy posted revenue of $2.21 billion, which is 24% up and in line with the Wall Street estimates. However, the retailer posted a loss of eight cents per share in the quarter.

To help stock investors interested in investing in Chewy stock, Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

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What is Chewy stock?

Chewy stock is the stock of Chewy, Inc., and trades on the New York Stock Exchange (NYSE) exchange under the symbol NYSE: CHWY.

Chewy, Inc. is an American online retailer that deals with pet food and other pet-related products. It is headquartered in Dania Beach, Florida.

It was acquired by PetSmart in 2017 for $3.35 billion making it one of the largest e-commerce business acquisitions at the time.

Should I buy the Chewy stock today?

If you are looking to invest in a stock dip that has high prospects of bouncing back, then Chewy stock is a good choice.

Chewy stock price prediction

The chewy stock has been on the decline since the start of August and analysts believe the bear trend is almost coming to an end and the stock will try to recover in the coming months.

$CHWY social media coverage

$CHWY Falling wedge approaching heatmap levels 🔥 We’ve seen the bounce here before 👀 pic.twitter.com/zSmZCGVg9h

— TrendSpider (@TrendSpider) December 9, 2021

$CHWY revenue up 2.3% because the of insane discounts to keeps customers. It was a trade off. They sacrificed profitability and “customer retention” by lowering price 20% more than Amazon. This isn’t positive. 📣#EmailList #OnlineMarketing #EtsySales pic.twitter.com/hRMkUI7pDY

— Ranjitha S Shetty (@Ranj2410) December 10, 2021

The post Chewy posts mixed earnings: here is where to trade Chewy stock appeared first on Invezz.

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