Chewy, Inc. (NYSE:CHWY) is one of the stocks Jim Cramer expressed thoughts on. Cramer commented on the company’s earnings during the episode, as he said:
“Well, here’s a confusing one. This morning, we got this set of numbers from Chewy, the online store for pet food and pet supplies that I have told you I like very much. [The] company reported a modest top and bottom line beat, also raising the low end of their full-year forecast. At the same time, though, the guidance for the current quarter seemed to be a little light. Wall Street seemed to have a hard time figuring out what to make of these results. Stock initially dropped in pre-market trading. Then it came roaring back and opened almost up 7%. Then immediately pulled back from its high, spending the rest of the day fluctuating between positive and negative territory, with the stock… finishing up about 1.5%. It was just crazy.”
Stock market data. Photo by Jakub Zerdzicki on Pexels
Chewy, Inc. (NYSE:CHWY) runs an online marketplace for pet food, supplies, medications, and health products, along with a range of pet services.
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Disclosure: None. This article is originally published at Insider Monkey.
Read More: Jim Cramer Highlights Chewy Stock’s Erratic Movement
