). Mizuho senior analyst David Bellinger joins Market Domination to discuss the move and what it means for the pet supplies retailer.
Is that now all about to change, or has it now changed because of the activity over the last several days?We don't think this is an optimal scenario for chewy shares and just taking a step back here this is very much outside of the company's control, Right?But I think these developments that you've got here today adding a lot of volatility in the stock and from an institutional investor standpoint, I think this could create an impediment to owning shares.
It's been holding back pet ownership and new adoptions, and we really think that's the key, uh, next catalyst for Chewy. How volatile could this could These next several trading sessions be as a result, and when you talk about the fact that is trading now much more similar or more similar to a meme stock rather than to fundamentals, you talk about the movements that we could see on the back of earnings.And for me to tell you what type of trading range you will be in tomorrow or the next few weeks is is near impossible.
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