Reported 12 months ago
Shares of Chewy surged after Keith Gill, also known as Roaring Kitty, disclosed a 6.6% stake in the company. While Chewy has significant negotiating power due to its large customer base and profitability, intense competition from Amazon poses a challenge. Despite the recent stock bump, experts suggest holding onto Chewy stocks rather than buying or selling due to potential future developments and reasonable valuation.
Source: YAHOO