Chewy Inc ($CHWY) Stock Forecast: Up 5.1% Today

What is Chewy Inc?

Chewy Inc. (NYSE: CHWY) is a pet care company that provides a variety of products for pets and pet owners, experiencing a notable bullish movement in the market.

Why is Chewy Inc going up?

CHWY stock is up 5.1% on Nov 20, 2024 20:56

• A well-known investor recently divested his stake in Chewy Inc., introducing some initial uncertainty.
• Despite this, an analyst has suggested investors consider the stock for its potential growth, instilling confidence and fueling the bullish trend.
• This change in sentiment, along with the favorable analyst outlook, probably played a role in driving Chewy's stock price upwards today.

CHWY Price Chart

CHWY Technical Analysis

CHWY News

Roaring Kitty Ditched Chewy, Analyst Says You Should Adopt The Stock With 'Path To Pawsitive Growth' - Chewy ( NYSE:CHWY )

Pet care company Chewy Inc. CHWY has had an eventful 2024, and an analyst thinks investors should buy the stock for more upside ahead. This news comes a month after it was revealed that Roaring Kitty ( aka Keith Gill ) dumped his stake in the company.

https://www.benzinga.com/24/11/42097829/roaring-kitty-ditched-chewy-analyst-says-you-should-adopt-the-stock-with-path-to-pawsitive-growth

This AstraZeneca Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday - AstraZeneca ( NASDAQ:AZN )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Redburn Atlantic analyst Peter Low upgraded the rating for Equinor ASA EQNR from Neutral to Buy.

https://www.benzinga.com/analyst-ratings/upgrades/24/11/42087864/this-astrazeneca-analyst-is-no-longer-bearish-here-are-top-5-upgrades-for-wednesday

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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.

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.

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.

08.09.2024 - CHWY Stock was up 5.2%

• Chewy's strong bullish movement today could be attributed to positive earnings reports or an increase in online shopping trends for pet products.
• A comparison with Abercrombie & Fitch (ANF) might suggest that investors are favoring Chewy's performance over traditional retail companies in the current market environment.
• The outperformance of Chewy in the retail-wholesale sector could indicate growing confidence in the e-commerce and pet industry, leading to increased investor interest and a bullish market movement for the stock.

20.08.2024 - CHWY Stock was down 5.3%

• CHWY stock experienced a strong bearish movement after-hours following the announcement of a public offering by a selling stockholder and a concurrent share repurchase. This news likely raised concerns among investors about potential dilution of existing shares and its impact on the stock price.
• The bearish trend in CHWY could also be influenced by the overall market sentiment, with U.S. stock futures trading lower on Friday. Investors may be cautious due to uncertainties surrounding companies like FedEx, which reported weaker-than-expected results and lowered its full-year guidance, contributing to the negative market outlook.
• Despite high-rolling investors positioning themselves bullish on Chewy, the public offering news might have overshadowed this sentiment, leading to the bearish movement in the stock.

09.09.2024 - CHWY Stock was up 5.7%

• Chewy's bullish movement today could be attributed to the positive coverage it received from a top Wall Street analyst, initiating coverage on a bullish note.
• The comparison with Abercrombie & Fitch (ANF) in the retail-wholesale sector might have highlighted Chewy's strong performance, further boosting investor confidence in the stock.
• The bullish sentiment towards Chewy could also be a reflection of the overall positive market sentiment towards e-commerce and online retail companies, especially those catering to niche markets like pet supplies.

20.10.2024 - CHWY Stock was up 5.1%

• A well-known investor recently divested his stake in Chewy Inc., introducing some initial uncertainty.
• Despite this, an analyst has suggested investors consider the stock for its potential growth, instilling confidence and fueling the bullish trend.
• This change in sentiment, along with the favorable analyst outlook, probably played a role in driving Chewy's stock price upwards today.

20.10.2024 - CHWY Stock was up 5.2%

• Chewy's stock showed strong bullish movement, possibly due to positive sentiment surrounding the company's expansion initiatives and growth prospects.
• Analysts might have revised their outlook on Chewy, contributing to the upward momentum.
• Despite a 96% increase in the stock price in the last six months, investors are urged to carefully assess the competitive landscape and high valuation before making investment choices.
• The confluence of positive analyst ratings and Chewy's strategic growth efforts likely influenced the stock's impressive performance.

18.09.2024 - CHWY Stock was down 5.2%

• Chewy (CHWY) saw a slight uptick of +0.14% amidst a general market decline. This increase could be linked to positive investor attitudes towards the company's growth trajectory and market position.
• In contrast, Chewy (CHWY) experienced a -1.42% decrease, diverging from overall market gains. This decline may be attributable to investors taking profits following a period of stock price appreciation or concerns about competitive pressures in the e-commerce pet industry.
• The fluctuating movements in Chewy's stock price compared to market trends indicate that investors are closely monitoring the company's performance and responding to various internal and external factors that impact its stock valuation.

07.10.2024 - CHWY Stock was up 5.1%

• Chewy's stock price rose by +1.14% to $29.17, outperforming the overall market.
• Unusual options activity suggests high-rolling investors are bullish on Chewy, indicating positive sentiment towards the company's future prospects.
• The announcement of Chewy replacing Stericycle in the S&P MidCap 400 index could have attracted more institutional investors and boosted confidence in the stock.
• Overall, these factors combined likely contributed to Chewy's bullish movement today, showcasing investor optimism and potential for future growth in the company.