Petco Stock Brushes Off Quarterly Earnings, Revenue Win

WOOF carries a more than 37% year-over-year deficit

Digital Content Manager
May 24, 2022 at 10:10 AM
facebook X logo linkedin


Petco Health and Wellness Company Inc (NASDAQ:WOOF) reported better-than-expected first-quarter earnings of 17 cents per share this morning, marking a 4% sales rise, on $1.48 billion in revenue. What's more, the pet retailer's comparable sales beat estimates with a 5% year-over-year jump. WOOF is erasing this morning's premarket surge, though, last seen down 1.9% to trade at $14.32.

Digging deeper, the security is still just two sessions removed from its May 20, all-time low of $14.38, as it continues to struggle with overhead pressure at the 10-day moving average. Should these losses hold, Petco stock may extend a three-day losing streak. Longer term, the security already carries a 37.5% year-over-year deficit.

While short interest is declining -- down 7% in the most recent reporting period -- short sellers remain in control. In fact, the 19.51 million shares sold short make up 24.4% of the security's available float, or more than two weeks' worth of pent-up buying power.

The security is getting blasted in the options pits today, with 3,521 calls and 3,696 puts across the tape so far, which is five times the volume that's typically seen at this point. Most popular are the weekly 5/27 15-strike call and the September 17.50 call, with new positions being opened at the latter.

 

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI