Why Chewy Stock Was Up This Week

Why Chewy Stock Was Up This Week

Shares of Chewy (NYSE: CHWY) jumped this week, surging 24% through Thursday trading compared to a 4.4% gain in the wider market. The key factor behind Chewy's rise this week was a report from a market research company saying that sales trends could be strengthening in the current quarter. The researcher's checks suggest that Q3 sales will exceed the $2.46 billion that most Wall Street pros are targeting for the stock.