PetSmart, Inc. (PETM) Debt Trading 2% Lower
An issue of PetSmart, Inc. (NASDAQ:PETM) debt fell 2% as a percentage of its face value during trading on Monday. The debt issue has a 7.125% coupon and is set to 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 moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.
PetSmart, Inc. (NASDAQ:PETM) traded up 0% on Monday, hitting $83. The stock has a 50 day moving average price of $82.00 and a 200 day moving average price of $76.00. PetSmart, Inc. has a 12-month low of $55.00 and a 12-month 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.
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