Chewy stock is on the decline, a day after posting mixed earnings and lowering 2022 guidance.
Chewy posted revenue of $2.21 billion, which is 24% up and in line with the Wall Street estimates. However, the retailer posted a loss of eight cents per share in the quarter.
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To help stock investors interested in investing in Chewy stock, Invezz has created a brief article on what it is and where to buy it.
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Chewy stock is the stock of Chewy, Inc., and trades on the New York Stock Exchange (NYSE) exchange under the symbol NYSE: CHWY.
Chewy, Inc. is an American online retailer that deals with pet food and other pet-related products. It is headquartered in Dania Beach, Florida.
It was acquired by PetSmart in 2017 for $3.35 billion making it one of the largest e-commerce business acquisitions at the time.
If you are looking to invest in a stock dip that has high prospects of bouncing back, then Chewy stock is a good choice.
The chewy stock has been on the decline since the start of August and analysts believe the bear trend is almost coming to an end and the stock will try to recover in the coming months.
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