CHWY – beats Q1 estimates – HIGH upside!! 🚀
On 06/10/21, CHWY BEAT earnings estimates, BEAT net sales estimates, and ADDED over 31% new active customers year-over-year. WILL CONTINUE TO GROW as supply disruptions and labor shortages limited these top line numbers from being even HIGHER!! Will continue to beat estimates in future as these limiting factors will decrease post COVID. High option volume this week and heavily shorted (29.8%) according to: https://finance.yahoo.com/news/options-traders-pile-chwy-ahead-172407368.html
Short percentage of float as of 05/28/21 on yahoo finance = 17.5%
Previous 52 week high of $120. Currently ~ $79.
Much room for share price to grow IMO. However, I am not a financial advisor and this is not financial advice. I’m long on CHWY.
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June 11, 2021 at 09:20AM