With interest rates rising and global economies "hopefully opening" in 2022, Evercore ISI analyst Mark Mahaney has a "more muted/ cautious stance" on the internet space, which he calls a "relatively high-growth, high-multiple" sector going into 2022.
Someone with a lot of money to spend has taken a bearish stance on Chewy (NYSE:CHWY).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Chewy Inc (NYSE: CHWY) shares are trading higher on above-average volume. The stock could be experiencing a rebound after it dipped following the company's third-quarter earnings results last week.
Gainers
SigmaTron International, Inc. (NASDAQ: SGMA) jumped 84.7% to settle at $14.94 on Friday after the company reported Q2 EPS and sales results were higher year over year.
Chewy Inc. (NYSE: CHWY) shares are trading lower Friday after the company reported third-quarter earnings results. The company reported a quarterly loss of 3 cents per share, beating the analyst estimate calling for a loss of 5 cents per share.