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.
