Why Has Chewy Stock Trended 30% Lower Since Its IPO?

Benjamin Okorie
shared this article with you from Inoreader

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Chewy (NYSE: CHWY), an online retailer of pet food and pet products, has had a mixed performance post its June IPO. While the stock jumped to about $35 per share on the day of its listing, from its IPO price of $22, it has declined by about 30% since then, trading at levels of around $25 currently..
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