Petco rallies after CEO buys half a million dollars worth of stock

Petco Health and Wellness

29/03/2023 18:57

** Petco Health and Wellness Co Inc's  WOOF.O  shares jump
as much as 6.9% to $9.05 on Weds after CEO reveals stock
purchase
    ** CEO & Chairman Ron Coughlin bought 61,040 shares at avg
price of $8.27 on Tues, according to a securities filing
    ** Coughlin now directly owns about 618,000 shares, per the
filing
    ** WOOF has ~303.9 mln shares outstanding, per Refinitiv
    ** Pet healthcare co's stock sunk to record low $7.59 on Fri
in wake of Q4 results and full-yr forecast earlier in the week
that missed consensus
    ** Shares last up 5.1% at $8.90, but have shed ~57% over the
past 12 months

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))