Reddit discussions around Chewy, Inc. (CHWY) have been lively, with users analyzing potential earnings opportunities and implied stock movements. One user on r/thetagang highlighted the importance of comparing implied moves to historical averages, noting that "implied moves don’t always align with recent significant moves during earnings, which creates opportunities for applying volatility strategies." This suggests that traders are looking for discrepancies between expected and historical stock movements to capitalize on potential market inefficiencies.
Another discussion on r/Superstonk touched on the broader market dynamics affecting Chewy's stock. A user pointed out that "Chewy’s stock isn’t being manipulated," attributing its value to the preferences of market makers and wealthy consumers who frequently use Chewy's services. This sentiment reflects a belief that Chewy's market position is strong due to its customer base, similar to other high-performing companies like Chipotle.
As of 9:45 AM on December 2, 2024, Chewy's stock is trading at $32.817, reflecting a slight decrease of 1.77% from the previous close.