A social media post of a dog sent Chewy's shares higher. The move didn't last when investors realized the meme trade wasn't real.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Chewy's budding profitability has plenty of room to grow, and it's now eyeing the veterinary industry, Hershey has stood the test of time, and the stock now trades at a discount to the broader market.
Shares of pet-focused companies Petco (WOOF) and Chewy (CHWY) briefly spiked Thursday after Keith Gill, a key player in the 2020 and 2021 meme-stock craze known as "Roaring Kitty," posted an image of a dog on X.
Roaring Kitty is back at it again. Keith Gill, the man behind the most influential meme stock account in the world, is back to posting.
Chewy Inc (NYSE: CHWY) rallied about 20% this afternoon after Roaring Kitty (Keith Gill) posted a picture of a dog on X.com. Shares of the pet food and products retailer have now more than doubled versus their year-to-date low in late March.
Retail stocks are in focus today, as investors await to unpack the Federal Reserve's preferred inflation gauge.
Chewy (CHWY) continues to explore avenues to efficiently return cash to shareholders while bolstering its market position in the pet care industry.
When a stock is trading on sale, it's important to understand why. Despite its post-pandemic slump, the long-term picture remains bright for Pfizer.
People spend money on their pets in both good and bad economic times, while the gig economy represents a significant, evolving addressable market opportunity. Chewy is expanding into vet clinics, while its flagship business continues to bring in generous profits and sales.
Chewy (CHWY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CHWY's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Buying a stock is one way to expose capital to a potential upside in a company's trajectory. Owning a stock opens the way for a one-for-one plan, as the investment will only move up or down in lockstep with each point the stock moves up or down.