Chewy Inc ($CHWY) Stock Forecast: Up 5.4% Today

What is Chewy Inc?

Chewy (CHWY) is a leading online retailer for pet products, known for its Autoship program and expanding veterinary services. The stock had a strong bullish movement today.

Why is Chewy Inc going up?

CHWY stock is up 5.4% on Sep 13, 2024 14:20

• Chewy's stock surged as it overtook the 20-day moving average, signaling a short-term bullish trend.
• Positive market sentiment was also influenced by Petco Health and Wellness Inc's second-quarter financial results meeting analyst estimates.
• The company's strategic positioning in the online pet retail market, along with its growth initiatives, such as expanding veterinary services, contributed to investor confidence.
• The return of Roaring Kitty, known for influencing meme stock movements, may have also played a role in driving up Chewy's stock price alongside other popular stocks like GameStop and AMC.

CHWY Price Chart

CHWY News

Chewy Stock Up 23% in a Month: Is it Time to Buy, Hold or Cash Out?

Chewy has firmed its position in online pet retail, leveraging its Autoship program and expanding veterinary services to drive growth and long-term stability.

https://www.zacks.com/stock/news/2335490/chewy-stock-up-23-in-a-month-is-it-time-to-buy-hold-or-cash-out

Chewy Shares Surge On Wednesday: What You Need To Know - Petco Health and Wellness ( NASDAQ:WOOF ) , Chewy ( NYSE:CHWY )

Chewy, Inc. CHWY shares are trading higher in response to Petco Health and Wellness Inc's WOOF second-quarter financial results. Petco's earnings report, which showed quarterly sales of $1.52 billion, met analyst estimates, although the company missed its earnings target with losses of nine cents ...

https://www.benzinga.com/news/24/09/40822147/chewy-shares-surge-on-wednesday-what-you-need-to-know

Chewy Just Overtook the 20-Day Moving Average - Chewy ( NYSE:CHWY )

From a technical perspective, Chewy CHWY is looking like an interesting pick, as it just reached a key level of support. CHWY recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

https://www.benzinga.com/news/earnings/24/09/40815911/chewy-just-overtook-the-20-day-moving-average

Chewy ( CHWY ) Just Overtook the 20-Day Moving Average

When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?

https://www.zacks.com/stock/news/2334540/chewy-chwy-just-overtook-the-20-day-moving-average

Roaring Kitty Posts Again: What's Going On With GameStop, AMC, Chewy Stocks? - Chewy ( NYSE:CHWY ) , GameStop ( NYSE:GME )

GameStop Corporation GME and AMC Entertainment Holdings, Inc. AMC shares are trading higher on heavy volume Friday after the Roaring Kitty account returned with a new post on X after a hiatus. Roaring Kitty, posted another cryptic message on X with an image of characters from Toy Story with the ...

https://www.benzinga.com/news/24/09/40753645/roaring-kitty-posts-again-whats-going-on-with-gamestop-amc-chewy-stocks

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Chewy Inc Price History

13.08.2024 - CHWY Stock was up 5.4%

• Chewy's stock surged as it overtook the 20-day moving average, signaling a short-term bullish trend.
• Positive market sentiment was also influenced by Petco Health and Wellness Inc's second-quarter financial results meeting analyst estimates.
• The company's strategic positioning in the online pet retail market, along with its growth initiatives, such as expanding veterinary services, contributed to investor confidence.
• The return of Roaring Kitty, known for influencing meme stock movements, may have also played a role in driving up Chewy's stock price alongside other popular stocks like GameStop and AMC.

04.08.2024 - CHWY Stock was up 5.1%

• Chewy's strong bullish movement today can be attributed to the release of its better-than-expected second-quarter 2024 earnings, with sales of $2.86 billion, up 2.6% year over year, meeting both consensus and management guidance.
• Analysts boosting Chewy's price forecast despite concerns about stretched valuation indicates confidence in the company's growth potential and market position.
• The price target boost on strong second-quarter EBITDA further fueled investor optimism and contributed to the stock's upward momentum.
• Despite facing competition from Amazon and smaller firms, Chewy's ability to maintain positive sales growth in the face of industry challenges showcases its resilience and appeal to investors seeking exposure to the consumer sector.

10.08.2024 - CHWY Stock was up 5.7%

• The return of the Roaring Kitty account and the buzz around GameStop and AMC stocks might have brought renewed attention to Chewy, contributing to its bullish movement.
• The bullish stance taken by investors in the options trading market, as well as the recent upgrade to a Zacks Rank #2 (Buy), have likely boosted investor confidence in Chewy's growth prospects.
• Positive sentiment surrounding Chewy's earnings performance in the second quarter of 2024, with a significant rise in share price, has further fueled the bullish momentum of the stock.
• Overall, a combination of positive news catalysts, including upgrades, earnings performance, and market sentiment, has propelled Chewy's stock to surge higher today.

28.07.2024 - CHWY Stock was up 16.0%

• CHWY stock experienced a strong bullish movement today following the release of its better-than-expected second-quarter earnings.
• The company reported adjusted EPS of $0.24, surpassing the consensus of $0.02, showcasing a substantial improvement from the previous year.
• Despite missing revenue expectations, the overall positive sentiment surrounding Chewy's performance and future outlook contributed to the surge in its stock price.
• Investors are optimistic about Chewy's ability to maintain its growth trajectory and capitalize on the increasing demand for online pet supplies, driving the stock higher.

12.08.2024 - CHWY Stock was up 7.8%

• Today, Chewy's stock (CHWY) demonstrated a significant bullish movement:
• Chewy's shares surged following another company's strong second-quarter financial results in the pet industry.
• The stock exceeded the 20-day moving average, indicating a positive short-term trend.
• Bullish options trading on Chewy implies optimism from a range of investors.
• The resurgence of certain posts may have influenced market sentiment positively, particularly among retail traders interested in specific stocks.

11.08.2024 - CHWY Stock was up 7.1%

• CHWY's bullish movement today can be attributed to the stock overtaking the 20-day moving average, signaling a short-term bullish trend and attracting investors' attention.
• The upgrade to a Zacks Rank #2 (Buy) has also contributed to the positive sentiment surrounding CHWY, as the upward trend in earnings estimates is seen as a strong driver of stock prices.
• The return of an influential figure, known for his impact on meme stocks, might have indirectly influenced CHWY's stock price, as investors closely follow his moves in the market.
• The bullish stance taken by investors in Chewy's options trading further indicates a positive market sentiment towards the stock, with institutions and wealthy individuals showing confidence in its potential growth.

11.08.2024 - CHWY Stock was up 5.8%

• CHWY stock surpassed the 20-day moving average, indicating a possible positive trend on the horizon.
• Speculation suggests that the resurgence of attention on GameStop and AMC stocks from an influential market participant could have reignited interest in CHWY, driving the bullish movement.
• Increased bullish options trading activity and an upgrade to a Zacks Rank #2 (Buy) further enhanced investor confidence in CHWY.
• Affirmative market sentiment and optimistic earnings estimate revisions hint at CHWY's favorable positioning for a potential surge in the short term.

28.07.2024 - CHWY Stock was up 11.3%

• Chewy's stock experienced a strong bullish movement today following the release of their Q2 2024 earnings report.
• The company reported better-than-expected results, with adjusted EPS of $0.24 beating consensus estimates significantly.
• Despite revenue slightly missing expectations, Chewy's impressive growth in net sales, soaring net income, and expanding customer base showcased a solid performance, instilling confidence in investors and driving the stock price higher.
• The market's positive reaction indicates that investors are optimistic about Chewy's ability to capitalize on the growing demand for pet supplies and maintain its strong position in the online retail sector.

28.07.2024 - CHWY Stock was up 17.1%

• Chewy's strong bullish movement today can be attributed to its Q2 2024 earnings call, which exceeded expectations and impressed investors.
• Positive outlook on Chewy's future performance might have also contributed to the bullish sentiment surrounding the stock.
• The company's meteoric rise in the past few months, with a 56% surge, has likely attracted more investors seeking to capitalize on its growth potential.
• The market's reaction to Chewy's earnings, with the stock gaining after smashing expectations, indicates a strong investor confidence in the company's ability to deliver results and sustain its growth trajectory.

05.08.2024 - CHWY Stock was down 5.8%

• Despite positive developments and upgrades by analysts, Chewy (CHWY) witnessed a downward movement in the market today.
• The market response could be attributed to concerns about the company's valuation mentioned by analysts, prompting some investors to lock in profits after the recent increase in share price following the strong Q2 2024 earnings.
• It is plausible that some traders were expecting a pullback after the notable 15% rise in share price post-earnings, leading to today's selling pressure.
• Investors may be exercising caution due to general market conditions or sector-specific trends affecting e-commerce and retail stocks, influencing today's bearish performance in Chewy's stock price.

05.08.2024 - CHWY Stock was down 10.2%

• Despite positive factors such as earnings and analyst upgrades, Chewy's stock witnessed a significant downward trend today.
• Previous optimistic outlooks from investors and analysts may have already influenced the stock price, resulting in profit-taking and a subsequent decrease in value.
• The market's reaction to potential challenges or external influences affecting Chewy's operations could have triggered a sell-off by investors.
• In general, while Chewy's future growth prospects are promising, the stock's decline today may be attributed to short-term market dynamics and traders implementing profit-taking strategies.

15.07.2024 - CHWY Stock was up 5.1%

• Chewy Inc. (CHWY) has seen a significant surge in its stock price over the past 3 months, with a 53% increase, driven by strong customer loyalty and strategic expansions.
• The broader market rally across the retail, e-commerce, and consumer discretionary sectors has also contributed to Chewy's upward momentum today.
• The appointment of William Billings as the new Chief Accounting Officer may have also instilled confidence in investors, adding to the positive sentiment surrounding the stock.
• Overall, Chewy's solid business fundamentals, market rally, and key executive appointments have likely fueled the bullish movement in its stock price today.