Petco Health and Wellness stock surges to 52-week high

seekingalpha10-04

Shares of Petco Health and Wellness (NASDAQ:WOOF) surged as much as 10% to a 52-week high of $5.54 before midday on Thursday. Shares of the animal wellness products retailer closed +12% at $5.02 on ...

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Shares of the animal wellness products retailer closed +12% at $5.02 on ...</p>\n\n<a href=\"https://seekingalpha.com/news/4156154-petco-health-and-wellness-stock-surges-to-52-week-high\">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":"https://seekingalpha.com/news/4156154-petco-health-and-wellness-stock-surges-to-52-week-high","article_id":"2472064681","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1212846712/image_1212846712.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472064681","pubTimestamp":1727972626,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Shares of Petco Health and Wellness (NASDAQ:WOOF) surged as much as 10% to a 52-week high of $5.54 before midday on Thursday. 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WOOF shares have risen 60% so far this year, while the benchmark S&P index (SP500) has risen nearly 20% for the same duration. In September, the company guided in line with analyst expectations for the current quarter and coped to marginally beat on revenue and profit consensus for Q2. Seeking Alpha contributor Grassroots Trading wrote in their September 11 analysis on the company, \"Given Petco Health and Wellness Company, Inc.’s struggles in the growing pet care industry, I’d say the stock is more of a “hold” than a “sell.” Sure, profit, and growth have been rough, but the new CEO is cleaning up past mistakes by expanding vet services and cutting costs to get things back on track. They’re also focusing on the basics—like pet food—which sells steadily. 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