Petco Health and Wellness Company Woof HTTPSWeft The stock price rose on Friday following the social media post. Keith Gillis a person known as Roaring Kitty who posted a photo of a dog on X (formerly Twitter).
what’s happening: Social media posts from Roaring Kitty, best known for its role in the GameStop short squeeze in 2021, sparked a surge in interest in pet-related stocks. Gill has had success in the past in identifying and promoting stocks that promise big gains, giving him considerable influence in the stock market.
what else: Additionally, Petco also recently released its 2023 Environmental, Social and Governance (ESG) report, highlighting key initiatives and accomplishments. The report details a new, large-scale recycling program aimed at keeping LDPE plastic out of landfills and is expected to recycle approximately 150 million tons of plastic annually.
It also highlights Petco Love’s efforts to find new homes for nearly 143,000 pets and provide more than 2.2 million free vaccines to pets in resource-poor areas.
WOOF Price Trends: Petco shares rose 13.3% to $3.79, according to Benzinga Pro.
See also: SEC sues Consensys over unregistered brokerage business
Image from Shutterstock.
Market news and data provided by Benzinga API
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
