CHWY - What's Going On With Chewy Stock? | Benzinga
Chewy, Inc. (NYSE:CHWY) shares are trading higher Tuesday, with the stock up more than 60% over the past month. Here's a look at what to know.
What To Know:
The stock took off after the company reported strong first-quarter results at the end of May. Following the print, Goldman Sachs raised its price target to $35 and highlighted Chewy's operational improvements and accelerating revenue growth.
Chewy shares are moving on heavy trading volume Tuesday. According to data from Benzinga Pro, 8.06% of available shares are being sold short which can contribute to large price movements when combined with heavy trading volume.
Shares are trading above the stock’s ...