NASDAQ:CHWY

PetMed Express Stock Hovers Near $2 as Short Week Starts
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PetMed Express Stock Hovers Near $2 as Short Week Starts

PetMed Express shares traded at $2.12 Tuesday, down 2.3%, valuing the company near $44.5 million. The company set its virtual annual meeting for August 11, with a May 31 deadline for shareholder proposals. PetMed reported a 21.7% sales drop last quarter and a net loss of $10.6 million. Investors are watching the new Rural King partnership and upcoming governance moves as the company faces rising costs and falling margins.
May 26, 2026

Stock Market Today

  • ASX Investors Face Hidden Overexposure to US 'Magnificent 7' Tech Giants
    May 29, 2026, 8:06 PM EDT. Many Australian investors may unknowingly hold significant stakes in the US tech giants known as the 'Magnificent 7'-Microsoft, Amazon, Alphabet, Meta Platforms, Apple, Tesla, and NVIDIA. These companies dominate various US exchange-traded funds (ETFs) like BetaShares Nasdaq 100 (NDQ), Schwab U.S. Large-Cap Growth (SCHG), iShares S&P 500 (IVV), and others widely held in Australia. In addition, large positions in listed investment companies (LICs) such as MFF Capital and ETFs like VanEck Morningstar Wide Moat (MOAT) further increase exposure. Superannuation funds also typically include these stocks, amplifying collective investment risk. Investors should audit their portfolios to understand the extent of their indirect and direct holdings in these tech behemoths amid their growing market dominance.