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Benzinga
Benzinga
Business
Melanie Schaffer

How To Trade Chewy Stock Before, After Q2 Earnings

Chewy CHWY NYSE

Chewy, Inc (NYSE:CHWY) is set to print its second-quarter financial results after the market close Tuesday. The recently beaten-down stock was trading about 2.2% lower heading into the event within a solid downtrend.

When the pet products retailer printed its first-quarter results on July 1, the stock was trading in a steep downtrend, but a positive reaction to the earning beat caused the stock to reverse course into a 2 1/2-month uptrend that ended Aug. 16.

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