'Roaring Kitty' Post Appears to Send Petco Stock Soaring Despite Weak Results
Petco Health and Wellness pany(WOOF) Investopedia·2024-09-12 00:45
Key Takeaways Petco Health + Wellness had a bigger-than-expected loss and revenue missed estimates on falling sales at its supplies and companion animal business. However, after initially falling Wednesday morning, shares soared nearly 35%, apparently on a post by meme stock hero "Roaring Kitty." Petco shares have been volatile after "Roaring Kitty" posted a picture of a dog on X in June. Petco Health + Wellness (WOOF) shares reversed course after the opening bell and surged nearly 35% by midday Wednesday, ...