Published on 10 Apr 2024 on Zacks via Yahoo Finance
PetIQ, Inc. (PETQ) Is a Trending Stock: Facts to Know Before Betting on It
PetIQ (PETQ) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this pet medications and products maker have returned +9.6%, compared to the Zacks S&P 500 composite's +1.8% change. During this period, the Zacks Medical - Products industry, which PetIQ falls in, has lost 2.3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.