Chewy stock jumps on Viking Global stake disclosure — what to watch before CHWY’s next earnings
Chewy shares traded at $33.92 premarket Tuesday, little changed after a 5.7% surge Monday. A Schedule 13G filing showed Viking Global Investors owned 5.7% of Chewy’s Class A stock as of December 18, more than doubling its stake since September. Investors are watching for further ownership disclosures and the next earnings report, expected in late March. Chewy last posted quarterly sales of $3.12 billion and net income of $59.2 million.
