Stock Track | Petco Stock Soars 5% Amid Roaring Kitty Effect, Despite Mixed Q2 Results

Stock Track09-12

Shares of Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) soared by 5.15% on Wednesday, September 12, 2024, as the company's stock appeared to be caught up in a renewed wave of retail investor enthusiasm fueled by influential meme-stock trader Roaring Kitty, also known as Keith Gill.

On Tuesday, Roaring Kitty, who gained notoriety during the GameStop trading frenzy in 2021, reposted a Reddit post that read "Woof is going bananas. Who's here with me?" This move seemingly reignited interest in Petco among retail investors, causing the stock to surge 33% in premarket trading on Wednesday.

However, Petco's second-quarter 2025 earnings results, released earlier in the day, painted a mixed picture. While revenue remained flat at $1.52 billion, the company reported a widened net loss of $24.8 million, or $0.091 per share, missing analysts' expectations. For the third quarter, Petco forecasted an adjusted loss of 3 to 4 cents per share on revenue of $1.5 billion.

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(NASDAQ: WOOF) soared by 5.15% on Wednesday, September 12, 2024, as the company's stock appeared to be caught up in a renewed wave of retail investor ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WOOF","symbol_name":"Petco Health and Wellness Company, Inc.","start_time":0,"source_url":"","article_id":"1198476093","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198476093","pubTimestamp":1726147939,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Petco Health and Wellness Company, Inc.  soared by 5.15% on Wednesday, September 12, 2024, as the company's stock appeared to be caught up in a renewed wave of retail investor enthusiasm fueled by influential meme-stock trader Roaring Kitty, also known as Keith Gill.On Tuesday, Roaring Kitty, who gained notoriety during the GameStop trading frenzy in 2021, reposted a Reddit post that read \"Woof is going bananas. 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