The market has been down on Chewy Inc (CHWY) stock recently. CHWY gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Chewy Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CHWY!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With CHWY Stock Today?
Chewy Inc (CHWY) stock has fallen -0.12% while the S&P 500 has risen 0.19% as of 1:34 PM on Wednesday, Jan 19. CHWY is down -$0.05 from the previous closing price of $43.29 on volume of 2,139,097 shares. Over the past year the S&P 500 has risen 20.72% while CHWY is down -59.71%. CHWY earned $0.02 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1786.28.
To see InvestorsObserver's Sentiment Score for Chewy Inc click here.
More About Chewy Inc
Chewy is the largest e-commerce pet care retailer in the U.S., generating $7.1 billion in 2020 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a standalone company in 2019, after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.
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