RTTNews | Dec 10, 2021 09:56AM EST

09:56 Friday, December 10, 2021 (RTTNews.com) - Chewy, Inc. (CHWY) shares are sliding on Friday morning trade after the company yesterday reported net loss for the third quarter, despite a growth in revenues. The shares of the pet product retailer have been on a bearish trend for the last several weeks. The third-quarter net loss was $32.24 million. The company attributed the results to ongoing supply chain disruptions, labor shortages, and higher inflation.

Currently, shares are at $51.92, down 7.90 percent from the previous close of $56.30 on a volume of 4,046,518. For the 52-week period, the shares have traded in a range of $50.24-$120.00 on average volume of 3,385,411.

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