The performance of the two pet concept stocks that skyrocket...
The performance of the two pet concept stocks that skyrocketed on Thursday in response to the support of Mr. Keith Gill, who is said to be the initiator of meme stocks in the pre-market, is different, and at the time of the report $Chewy(CHWY.US$ fell 1.14% to $28.72, $Petco Health and Wellness(WOOF.US$ is up 7.78% at $3.60.
After Keith Gill posted a cartoon image of a dog at 1:00 p.m. (US Eastern Time), the stock price of Chewy soared 34% to a high intraday price of 39.10 dollars, and Petco's stock price rose 13% to 3.73 dollars, but the rise soon ended, and Chewy ended trading at 29.05 dollars, a slight decrease of 0.31%, and Petco closed at 3.34 dollars with a 0.3% drop. Since both stocks were volatile, trading was suspended on this day.
The fluctuation in stock prices between Chewy and Petco on Thursday came after Gill returned to social media in May and began posting on X for the first time since 2021. His post worsened the recent fluctuation in meme stocks, and the live announcement on 6/6 $GameStop(GME.US$ It spurred a sharp rise of 47% in stocks.
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