Should Investors Buy Chewy Stock on the Dip?

By Parkev Tatevosian, CFA – Mar 22, 2024 at 6:08PM

NYSE: CHWY

Chewy

Market Cap

$7B

Today's Change

(2.99%) $0.46

Current Price

$15.84

Price as of April 26, 2024, 4:00 p.m. ET

Chewy's stock fell after management reported its expectations for a slowing pet market in 2024.

Fool.com contributor Parkev Tatevosian reviews Chewy's (CHWY 2.99%) latest quarterly report and updates his recommendation for the stock.

*Stock prices used were the afternoon prices of March 20, 2024. The video was published on March 22, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chewy. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.