It’s the heaviness of the selling volume in these big market capitalization stocks that stands out. These New York Stock Exchange listed names don’t get half the coverage in the financial media as some tech and social media favorites. It would be easy to miss how far down some former leaders have travelled.
Price chart analysis:
Chewy is an online retailer of mostly pet foods and, along with a lower-than-expected consumer sentiment metric this week, also suffered from the displeasure of CNBC “analyst” Jim Cramer, who this week bad-mouthed the company on the air. The daily price chart looks like this now:
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