Chewy Inc ($CHWY) Stock Forecast: Down 5.0% Today

What is Chewy Inc?

Chewy Inc. (NYSE: CHWY) is a leading online retailer of pet food and supplies, catering to the needs of pet owners across the United States. The company has seen significant growth in recent years due to the increasing trend of pet owners purchasing goods online.

Why is Chewy Inc going down?

CHWY stock is down 5.0% on Jul 2, 2024 18:01

• CHWY stock experienced a sharp decline of almost 17% following the disclosure of a 6.6% stake in the company by Keith Gill, also known as Roaring Kitty, a prominent figure in the meme stock trading community.
• The revelation of Gill's investment in Chewy raised concerns among the company's executives about potential volatility and the impact of retail investors influenced by Gill's actions.
• Despite the market reaction to Gill's stake in Chewy, some analysts maintain an "Outperform" rating on the stock, emphasizing the company's long-term cash flow prospects.
• The intertwining narratives of meme stock trading, retail investor influence, and unexpected investments have added a layer of unpredictability to Chewy's stock performance, reflecting the evolving landscape of market dynamics influenced by social media and individual investors.

CHWY Price Chart

CHWY News

What's Going On With Chewy Stock Today? - Chewy ( NYSE:CHWY )

Chewy, Inc. CHWY shares are trading lower Tuesday amid increased volatility after Keith Gill, also known as Roaring Kitty, disclosed a 6.6% stake in the company. Traders began circulating a 13F filing Sunday night which shows Gill holds roughly 9 million shares of Chewy worth nearly $300 million ...

https://www.benzinga.com/news/24/07/39601962/whats-going-on-with-chewy-stock-today

Is Roaring Kitty Bad News for Chewy (CHWY) Stock? Some Execs Think So.

While fans of GameStop (NYSE:GME) may be reeling from the recent lawsuit against Keith Gill, better known as Roaring Kitty, it turns out Chewy (NYSE:CHWY) executives may be the real victims here. Indeed, on Monday, Gill showed off a surprise 6.6% stake in Chewy, sending CHWY stock plummeting in the process. CHWY stock is down almost 17% since Monday as investors brace for potential volatility following Gill’s reveal. While Gill’s interest in the pet food retailer certainly comes as a surprise, it’s not completely without precedent. As is apparent from many social media posts, Gill is actually quite the fan of Ryan Cohen. The billionaire founder of Chewy is now serving as the current Chief Executive of GameStop. Thus, Gill’s impression of Cohen may have led to the investment in his old stomping grounds, Chewy. Regardless, Gill’s investment in Chewy has alarmed the company’s top executives. They’re concerned that asset managers and shareholders may be put off from the stock due to Gill’s influence with retail investors and the volatility that follows.

https://investorplace.com/2024/07/is-roaring-kitty-bad-news-for-chewy-chwy-stock-some-execs-think-so/

What's Going On With GameStop Stock Tuesday? - GameStop ( NYSE:GME )

GameStop Corp GME shares are trading narrowly higher on low volume as retail traders continue to speculate about recent moves from meme stock trader Keith Gill, also known as "Roaring Kitty."

https://www.benzinga.com/news/24/07/39600791/whats-going-on-with-gamestop-stock-tuesday

Tastytrade CEO on meme stocks: Roaring Kitty changed the world of retail investing

Tastytrade CEO Tom Sosnoff joins ''Squawk Box'' to discuss Roaring Kitty''s decision to invest in Chewy, who are the winners and losers of the meme stock craze, and what may be evolving in market philosophy.

https://www.cnbc.com/video/2024/07/02/tastytrade-ceo-on-meme-stocks-roaring-kitty-changed-the-world-of-retail-investing.html

William Blair keeps ''Outperform'' on Chewy stock, eyes long-term cash flow

https://www.investing.com/news/company-news/william-blair-keeps-outperform-on-chewy-stock-eyes-longterm-cash-flow-93CH-3505276

https://www.investing.com/news/company-news/william-blair-keeps-outperform-on-chewy-stock-eyes-longterm-cash-flow-93CH-3505276

Trending Today

Dogecoin ($DOGE) Crypto Forecast: Down 5.1% Today

Avalanche ($AVAX) Crypto Forecast: Down 7.9% Today

Solana ($SOL) Crypto Forecast: Down 8.9% Today

Polygon ($MATIC) Crypto Forecast: Down 6.5% Today

Litecoin ($LTC) Crypto Forecast: Down 5.1% Today

Chainlink ($LINK) Crypto Forecast: Down 5.3% Today

Shiba Inu ($SHIB) Crypto Forecast: Down 5.3% Today

Memecoin ($MEME) Crypto Forecast: Down 5.9% Today

Ethereum Name Service ($ENS) Crypto Forecast: Down 17.1% Today

The Graph ($GRT) Crypto Forecast: Down 6.9% Today

Chewy Inc Price History

02.06.2024 - CHWY Stock was down 15.6%

• An "Outperform" rating on Chewy stock is upheld by William Blair, emphasizing long-term cash flow positivity for the company's future.
• Caution is advised on Chewy stock by Oppenheimer, recommending investors to refrain from hasty purchases possibly influencing the current bearish movement.
• Scrutiny from Citron Research is placed on Roaring Kitty's $200 million investment in Chewy, potentially raising doubts on the stock's performance and contributing to negative sentiment.
• The comparison of GameStop's business model to gambling underscores the risks related to certain meme stocks, possibly deterring investors from engaging in volatile investments akin to Chewy.

01.06.2024 - CHWY Stock was down 10.4%

• Chewy's stock dipped by 5% during the day's trading session.
• The market movement was linked to an announcement regarding a 6.6% investment stake in Chewy by a notable investor known as Roaring Kitty.
• The disclosure led to initial excitement but was later followed by a sell-off.
• Investors seemed to react to the absence of a clear investment strategy provided for Chewy by Roaring Kitty, contrasting with his previous actions in GameStop.
• This event showcases the significant influence influential investors can have on market dynamics and emphasizes the importance of transparent communication in investment choices.

01.06.2024 - CHWY Stock was down 9.5%

• Chewy's shares initially rose following the disclosure of the 'Roaring Kitty' meme trader's 6.6% stake but later declined significantly, indicating a turbulent day of trading for the stock.
• The fluctuation in Chewy's stock price could be linked to market uncertainty surrounding the revelation of a $245 million stake by Roaring Kitty, prompting profit-taking activities.
• The focus on Chewy stemming from the meme trader's involvement may have fueled speculative trading, contributing to the stock's volatile movements during the trading day.
• Overall, the convergence of meme trader influence, stake disclosure, and market volatility likely had a significant impact on Chewy's bearish performance today.

01.06.2024 - CHWY Stock was down 7.9%

• Chewy (CHWY) initially surged over 26% in pre-market trading after Keith Gill, also known as Roaring Kitty, disclosed a significant position in the company. However, the stock quickly retreated and ended the day down by 6%.
• The labeling of Chewy as a meme stock by Wall Street analysts might have contributed to the heightened volatility and subsequent decline in the stock price.
• The overall market sentiment towards meme stocks and the impact of such classifications on investor behavior could have led to the bearish movement in Chewy's stock today.
• Despite the initial excitement surrounding Chewy's stock, the fluctuating nature of meme stocks and the broader market conditions likely influenced the downward trend experienced by the company throughout the trading day.

01.06.2024 - CHWY Stock was down 10.4%

• Chewy's stock initially surged over 26% in the pre-market session after a significant stake in the company was disclosed, but later dropped by 6% during the trading day.
• The revelation of the stake led to initial excitement among investors, but the stock ultimately fell as profit-taking and market dynamics came into play.
• Speculation arose regarding whether the investor sold his GameStop stake to fund his investment in Chewy, adding an interesting twist to the market movement.
• Despite the initial surge and subsequent fall, Chewy's stock movement today was influenced by the interplay of investor sentiment, profit-taking, and market speculation surrounding the investment decisions.

01.06.2024 - CHWY Stock was down 10.5%

• Following the disclosure of a 6.6% stake held by a prominent meme trader known as 'Roaring Kitty', Chewy's stock experienced a strong bearish movement today.
• The initial boost in Chewy's stock price triggered by the revelation of the stake by the meme stock influencer appears to have been short-lived.
• Profit-taking by investors after the initial price surge likely led to a sell-off, generating a subsequent bearish trend in the stock.
• Speculative trading activities and the influence of social media personalities seem to significantly impact the market sentiment surrounding Chewy, contributing to its overall volatility.

01.06.2024 - CHWY Stock was down 10.9%

• Chewy shares initially surged by 10% after the disclosure of "Roaring Kitty" (Keith Gill) acquiring a 6.6% stake in the company.
• However, the market sentiment quickly turned bearish, leading to a fall in Chewy shares.
• The initial excitement from the stake acquisition might have been overshadowed by profit-taking activities or concerns about the sustainability of the price surge.
• The volatile nature of meme stock influencers and their impact on individual stock movements could have contributed to the sudden shift in Chewy's share price.

01.06.2024 - CHWY Stock was down 10.3%

• Chewy shares initially surged after the revelation of 'Roaring Kitty' meme trader's 6.6% stake, driving optimism among investors.
• However, the stock experienced a sharp decline later in the day, possibly due to profit-taking or market volatility.
• The conflicting information and market movements suggest that investor sentiment towards Chewy remains uncertain, influenced by meme-stock trends and individual trader actions.
• The bearish movement could also be attributed to broader market factors impacting investor behavior, despite a positive start for US stocks in the second half of the year.

01.06.2024 - CHWY Stock was down 8.4%

• CHWY stock faced a bearish movement despite positive overall market performance, with major indices like the Dow and S&P in the green.
• The bearish trend in CHWY could be attributed to the selling pressure on company shares, as trader Keith Gill faces a manipulation lawsuit and disclosed a new stake in CHWY.
• The positive news of a trader revealing a stake in CHWY might have initially boosted the stock, but concerns over the situation could have led to the bearish movement.
• The bearish market movement for CHWY contrasts with the bankruptcy filing of another company and the unexplained drop in stock, showcasing the volatility and diverse factors influencing stock movements in the market.

01.06.2024 - CHWY Stock was down 5.4%

• Chewy stock surged by 12% after an investor, known for involvement in the GameStop meme stock rally, acquired a 6.6% stake in the company.
• This move is seen as a vote of confidence in Chewy's potential, especially with the company's co-founder also leading GameStop as CEO.
• The positive market reaction indicates that investors are optimistic about Chewy's future prospects under the influence of prominent investors.

28.05.2024 - CHWY Stock was down 7.0%

• Wall Street analysts seem optimistic about Chewy (CHWY) as a potential investment, but the stock faced a bearish trend today.
• The K-shaped recovery in the economy might have influenced consumer cyclical stocks, potentially impacting Chewy's performance.
• Biden blaming Trump for inflation and Nike's plunge could have created market volatility, affecting Chewy's stock negatively.
• Roaring Kitty's post causing brief volatility in Chewy's stock might have added to the bearish movement experienced by the company today.

28.05.2024 - CHWY Stock was down 6.8%

• Chewy's stock price plummeted following a surge in volatility caused by a post from meme stock investor Keith Gill, also known as Roaring Kitty, who posted a dog image on social media.
• The market movement may have been influenced by the negative sentiment surrounding Nike, which saw a 12% drop in shares after cutting guidance, impacting investor confidence in consumer cyclical stocks.
• The overall market showed a slight gain, with the S&P 500 increasing slightly, but the bearish movement in Chewy's stock stood out amidst the positive performance of other indices and stocks.