PetSmart, Inc. (PETM) Bonds Rise 1% During Trading

An issue of PetSmart, Inc. (NASDAQ:PETM) debt rose 1% as a percentage of its face value during trading on Wednesday. The high-yield issue of debt has a 7.125% coupon and is set to mature on March 15, 2023. The debt is now trading at $92.75 and was trading at $95.25 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price.

PetSmart, Inc. (NASDAQ:PETM) traded up 0% during trading on Wednesday, hitting $83. PetSmart, Inc. has a 52 week low of $55.00 and a 52 week high of $83.00. The company has a 50 day moving average of $82.00 and a 200-day moving average of $79.00.

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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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