PetMed Express Stock Hovers Near $2 as Short Week Starts
PetMed Express opened Tuesday trading just above $2 as investors looked at turnaround hopes and eyed new governance steps. Shares recently changed hands at $2.12, off 2.3%. That puts the company’s market value close to $44.5 million. By comparison, Chewy was valued at about $8.8 billion and Petco at $763.8 million. Timing is a factor here. U.S. markets just reopened after being closed for Memorial Day on Monday, and Nasdaq trades from 9:30 a.m. to 4 p.m. Eastern. PetMed heads into a week cut short by the holiday, with the upcoming corporate calendar—not any new product—drawing attention.