Checking in with Chewy Stock Before Earnings

One of our top stock picks for 2024, Chewy Inc (NYSE:CHWY) is set to report earnings before the open on Wednesday, Aug. 28. Though down 3% at $26.71 this afternoon, the equity is enjoying an 11.8% year-to-date lead. Chewy stock experienced a massive 27.1% post-earnings pop this past May, and has since risen even further, though it's been experiencing recent pressure at the $27 level. For this upcoming event, the options pits are pricing in a next-day swing of 18%, regardless of direction, which is larger th ...