Why Chewy Stock Sank by 6% on Thursday

Chewy (CHWY -7.17%) stock took another hit on Thursday, a day after getting dinged by investors reacting to the company's third-quarter earnings report. While there was no direct news of note from the company, one analyst tracking its shares downgraded his recommendation. The result was that Chewy's share price fell by 6% across the trading session, a notably steeper decline than the S&P 500 index's 0.2% drop.Rover has not earned a treatWell before market open that day, Exane BNP Paribas' Chris Bottiglieri ...