Chewy Sinks, DoorDash Drops, Relay Therapeutics Rises

Today's biggest winners and losers in the stock market, a look at the notable movers for the week:

On this episode of Stock Movers:
- Chewy (CHWY) shares are down as much as 8.8% on Tuesday, hitting their lowest intraday level since May 2024, after the online pet retailer presented at the JPMorgan Technology, Media & Communications Conference. The company provided some cautious commentary during the event, saying that it’s seeing a more “stretched” consumer now than it did at the beginning of the year.

- DoorDash (DASH) shares extend drop to as much as 4.9% after Business Insider X post that Walmart’s Spark service now includes delivering food from in-store restaurants like McDonald’s.

-Relay Therapeutics (RLAY) shares rise 13% in premarket trading after the drug developer gave initial clinical data from a mid-stage trial to treat vascular anomalies. TD Cowen calls the data “best case scenario.”

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