Why Chewy Stock Dropped 11% Last Month

Investors aren't sure how to feel about this stock right now. Shares of pet e-commerce company Chewy (CHWY 1.40%) dropped 11.2% during July, according to data provided by S&P Global Market Intelligence. The stock was actually down closer to 12% in the first days of July. It then bounced all the way back before finally sliding back down to its 11% drop for the month -- it was a bumpy ride. Some of the volatility for Chewy stock in July is attributable to meme-stock traders -- investors excited by other inves ...