What's Going On With Chewy Inc Stock?

Chewy, Inc. CHWY shares are trading lower Monday, and the stock has lost more than 9% over the past five days.

What To Know:

Chewy shares are falling on heavy trading volume Monday. According to data from Benzinga Pro, more than 6.7 million shares have already been traded in the session, compared to the stock's 100-day average volume of 6.801 million shares.

Earlier in November, CNBC's Jim Cramer said that Chewy is, "bottoming here, but I just don’t know [how] much upside, because think people can get the stuff from Amazon.Com Inc. AMZN."

CHWY has grabbed the interest of short-sellers and retail investors alike. The stock is currently one of the top trending tickers on Yahoo Finance, and 24.34% of available CHWY shares are being sold short, according to data from Benzinga Pro.

Chewy, Inc. is set to report its third-quarter financial results after the market close on Dec. 6.

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CHWY Price Action: According to Benzinga Pro, Chewy shares are down nearly 8% at $18.69 at the time of publication.

Image: skorchanov from Pixabay