CHWY - This Growth Stock Has Fallen 35% From Its 52-Week High. Time to Buy?
2024-07-07 04:45:00 ET
The stock market soared in the first half of the year, with the S&P 500 confirming a bull market and then going on to reach additional record highs. Growth stocks led the gains -- but not all of these players have skyrocketed and reached their full potential. In fact, some have even fallen behind, meaning they've barely gotten started along their path to growth.
This is positive for us as investors because it allows us to get in on great long-term growth stories at reasonable prices. But how does one find them? One way is to look at stocks that have declined from previous highs, potentially creating buying opportunities for the savvy investor.
Chewy (NYSE: CHWY) is one of these stocks, having fallen more than 35% from its 52-week high even as the company's powering ahead on projects and reporting earnings growth. Is it time to buy Chewy on the dip? Let's find out.
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This Growth Stock Has Fallen 35% From Its 52-Week High. Time to Buy?