Chewy Stock: Buy, Sell, or Hold?
Chewy(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 120, Chewy has given up all of those gains and is trading at nearly the same price it listed its shares at five yea ...