Americans love their four-legged friends, that much is not in doubt. However, when it comes to investment opportunities, Petco Health (WOOF) has been getting the short end of the stick. Since making its public market debut in January 2021, WOOF stock plunged more than 82%. Obviously, a trip to perdition isn’t what most investors were looking for.
That said, Petco could be making a comeback. It’s not just about Monday’s big rally, although that is definitely something to cheer. Shares popped just under 15%, leading to a 14% swing higher over the trailing month. Since the start of the year, WOOF stock has returned more than 55% of equity value.
