Why is chewy stock dropping?

Chewy stock has been dropping in price for a while now, and there are a few reasons why. Firstly, the market is saturated with this type of stock, and there is not a lot of room for it to grow. Secondly, the company is not doing well and is likely to go bankrupt soon.

This would mean that the stock would be worth less and would likely be dropped in price even further. Finally, there are rumors that the company is using fake ingredients, which could lead to a lot of negative publicity and eventually make the stock less valuable.

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