Chewy Inc. (CHWY) saw its shares decline in after-hours trading following the announcement of a $500 million stock offering by a selling stockholder and a concurrent share repurchase. The selling stockholder, an entity affiliated with Chewy’s largest shareholder, will offer the shares, while Chewy itself will repurchase $300 million worth of its stock from the same seller.
Chewy, Inc. (CHWY) shares surged higher following Petco Health and Wellness Inc.’s (WOOF) second-quarter financial results. While Petco missed earnings targets, its sales met expectations, and a cryptic post by ‘Roaring Kitty’ on Reddit sparked meme stock excitement, boosting both Petco and Chewy shares.
Chewy (CHWY) stock is showing positive signs, having recently crossed its 20-day moving average, indicating a potential bullish trend. This, combined with strong earnings estimate revisions and a Zacks Rank #2 (Buy), suggests that CHWY could continue its upward momentum in the near future.
The popular social media investor known as Roaring Kitty has returned to X, formerly Twitter, with a cryptic post, sending shares of GameStop and AMC Entertainment Holdings higher. The post sparked speculation about a potential investment in Chewy, Inc., a company the investor has previously held a large stake in.
Chewy, the popular online pet store, has been upgraded to a Zacks Rank #2 (Buy) due to a positive trend in earnings estimates. This upgrade signifies an improvement in the company’s underlying business and could drive its stock price higher. The Zacks Rank system, based on earnings estimate revisions, has a strong track record of identifying stocks with potential for market-beating returns.
Chewy Inc. exceeded expectations in its second-quarter 2024 earnings report, reporting sales growth and a positive EPS. Analysts are encouraged by the company’s performance, particularly the return to growth in active customers. The stock has seen a positive reaction, rising over 1.7% in trading.
Chewy Inc. (CHWY) stock gained on Wednesday after the company reported strong second-quarter 2024 results, exceeding analysts’ expectations and reaffirming its annual guidance. The pet supply retailer saw a significant increase in sales and active customers, demonstrating its continued growth and strong market position.
Chewy Inc. (CHWY) stock is experiencing a significant surge, riding the wave of a broader rally in the retail, e-commerce, and consumer discretionary sectors. This positive market sentiment stems from the latest Producer Price Index (PPI) report, which revealed a slower-than-expected rise in inflation, potentially leading to lower interest rates and increased consumer spending.
