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Chewy Stock Hits A New All-Time Low: What's Going On?
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Chewy Stock Hits A New All-Time Low: What's Going On?
Mar 25, 2024 10:32 AM

Chewy Inc ( CHWY ) shares are trading lower by 5.8% to $15.66 Monday afternoon. The stock is falling after the company last week issued first-quarter net sales guidance below estimates.

Chewy’s fourth-quarter earnings showcased positive growth, with net sales reaching $2.83 billion, marking a 4.2% increase compared to the previous year. This figure surpassed the Street consensus estimate of $2.79 billion. Additionally, the company reported adjusted earnings per share of 18 cents, surpassing expectations of a loss of 4 cents per share.

For the entire fiscal year, Chewy’s net sales amounted to $11.15 billion, reflecting a 10.2% year-over-year increase…

See Also: Apple Analysts Unmoved By Antitrust Lawsuit: ‘Unmatched Brand Strength’

Should I Sell My CHWY Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of Chewy have decreased by 55.16% in the past year. An investor who bought shares of Chewy at the beginning of the year would take a loss of $6.94 per share if they sold it today. The stock has fallen 7.14% over the past month, meaning an investor who bought shares on Feb. 1 would see a capital loss of $2.41.

Chewy shares have an all-time high of $95.7, representing 520.82% upside from current levels.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Chewy stock currently has an RSI of 39.64, indicating neutral conditions.

For access to advanced charting and analysis tools and stock data, check out Benzinga PRO. Try it for free.

CHWY has a 52-week high of $40.78 and a 52-week low of $15.23.

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