Down Around 47% From Its High, Should You Buy Chewy Stock Right Now?

Buying stocks that are down significantly from their highs can be unnerving. These are stocks that are likely facing some adversity or that were perhaps overvalued and have come down in price. But the risk and concern is that they'll continue falling lower. If you're investing for the long term, however, having patience with these types of stocks can pay off. Chewy (CHWY 1.17%) is an online retailer that sells pet food, toys, and supplies. Given the nature of its business, it relies on a mix of both essenti ...