Amazon, Microsoft, Alphabet and Meta have lost more than $500 billion in aggregate value this week after reporting earnings. Apple stock, however, rose. Read More...
Motley Fool
Why Petco Health & Wellness Is Jumping 8% This Week
Shares of Petco Health & Wellness (NASDAQ: WOOF) are rising 7.7% this week, according to data compiled by S&P Global Market Intelligence, mostly as a result of a broad market rally earlier this week, but also after signing a partnership with insurer Nationwide, which bills itself as the first and largest provider of pet insurance. The market had rallied hard on Monday and Tuesday, helping to lift Petco shares over 12% for the two-day period, but have given back 3.5% since then. Pet ownership and care has long been a massive, rising trend, with spending on pets growing at an 11% compounded annual rate since 2018, hitting $123.6 billion last year.
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