By Christiana Sciaudone
- Chewy (NYSE:CHWY) Inc. rose 4% to a record on chatter that Walmart (NYSE:WMT) may buy a stake in the online pet care company.
There has been no official indication of interest, Seeking Alpha said. Channel checks show sales continue to be strong despite the reopening of rival brick-and-mortar stores
Chewy has eight buy ratings and four holds, with no sells. The average price target is $56.10, according to data compiled by . The stock was trading around $50.50 at 10:35 AM ET (1435 GMT) on Monday.
Shares of Chewy have more than doubled since its IPO last June.
