Roaring Kitty posts image of a dog, and Chewy's stock price jumps [Yahoo! Finance]
PetMed Express, Inc. (PETS)
Last petmed express, inc. earnings: 7/23 08:00 am
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Source: Yahoo! Finance
Now, it appears the former financial analyst's influence on Thursday boosted some pet-focused companies. Early this afternoon, Roaring Kitty posted an image of a cartoon dog — with no accompanying text — on his account on X, the former Twitter. Soon after, shares of Chewy, Petco and PetMed Express spiked. Chewy's shares, which opened at $28.85 on Thursday, jumped as high as $39.10 after Gill's post, or a gain of 36%. However, shares of the pet supply company retreated later in the afternoon, closing at $29.05. Petco's shares rose as high as 14%, while PetMed's stock gained 10%. Shares of those companies also gave up most of their gains by the close of Thursday trading. Chewy, Petco and PetMed Express didn't immediately respond to a request for comment Thursday. Gill's post comes one day after Chewy announced it would spend $500 million to repurchase 17.5 million of its own shares. Companies typically buy back shares to boost their per-share earnings or to increase returns for
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PETS
News
- Keith "Roaring Kitty" Gill buys $245 million stake in Chewy [CBS News]CBS News
- Meme stock investor Roaring Kitty posts a cryptic image of a dog, and Chewy's stock jumps [CBS News]CBS News
- PetMed Express, Inc. Investors: Company Investigated by the Portnoy Law FirmGlobeNewswire
- PetMed Express, Inc. Announces Appointment of Leah Solivan to Board of Directors [Yahoo! Finance]Yahoo! Finance
- PetMed Express, Inc. Announces Appointment of Leah Solivan to Board of DirectorsGlobeNewswire
PETS
Earnings
- 10/30/23 - Miss
PETS
Sec Filings
- 6/24/24 - Form DEFA14A
- 6/24/24 - Form DEF
- 6/24/24 - Form 8-K
- PETS's page on the SEC website