PetSmart, Inc. (PETM) Debt Trading 2% Lower

An issue of PetSmart, Inc. (NASDAQ:PETM) debt fell 2% against its face value during trading on Monday. The high-yield issue of debt has a 7.125% coupon and will mature on March 15, 2023. The bonds in the issue are now trading at $93.00 and were trading at $93.81 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its share price.

PetSmart, Inc. (NASDAQ:PETM) traded up 0% during trading on Monday, reaching $83. The stock’s 50 day moving average price is $82.00 and its 200-day moving average price is $76.00. PetSmart, Inc. has a one year low of $55.00 and a one year high of $83.00.

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PetSmart Company Profile

PetSmart, Inc is a United States-based company, which is a pet retailer of services and solutions for the needs of pets. The Company provides a range of pet food and pet products. The Company offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store.

5 Day Chart for NASDAQ:PETM

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