Chewy Shares Drop to Fresh 52-Week Low After CEO Appearance Fails to Calm Investors
Chewy Inc. shares tumbled to a new 52-week low, falling roughly 7.8% in mid-day trade as CEO Sumit Singh spoke at the J.P. Morgan Technology, Media & Communications Conference. Investors, already uneasy after an earnings miss, a California antitrust probe and recent insider sales, showed little confidence following the fireside chat. The company’s …