Chewy Stock: Buy, Sell, or Hold?
CHWYChewy(CHWY) The Motley Fool·2024-06-08 22:25

Shares of the pet stock bounced after its latest earnings report. Can it keep rallying? Like other businesses that benefited from COVID-19, the pet supplies sector soared during the early stages of the pandemic only to come crashing down. Industry leader Chewy (CHWY -4.61%) was a victim of that sell- off. After soaring from its initial public offering (IPO) price of 22toanalltimehighof22 to an all-time high of 120, Chewy has given up all of those gains and is trading at nearly the same price it listed its shares at five yea ...