What If I Told You... Investors Barked Up the Right Tree with WOOF?

Alright folks, let’s talk about Petco. You know, the place you go to buy your dog food and end up spending $200 on a sweater for your cat that your cat absolutely hates? Yeah, that place.

So, Petco’s stock, ticker symbol WOOF, which honestly sounds like a stock your dog would invest in, just went wild! Like, barking mad. We're talking a 19% jump in just one day! That’s like throwing a ball to your dog and it comes back with a winning lottery ticket.

Now, why did this happen? Well, apparently, Roaring Kitty—yes, that guy from the GameStop saga—is back at it, posting about Petco. He basically said, "Woof is going bananas, who's with me?" And the internet being what it is, the stock just exploded like someone yelled "squirrel!" in a room full of dogs.

But here’s the kicker: Petco’s revenue actually went *down* 0.5%. Yup, they made less money, lost 2 cents per share, but still managed to get investors howling. That’s like throwing a stick and your dog brings back a gold bar. Even the analysts were like, “Well, it's not great, but maybe... let's raise our targets anyway?" RBC Capital’s like, "Let’s aim for $3.50," and Wells Fargo’s all, "Nah, $3 sounds fine."

So, to sum it up: Petco lost money, Roaring Kitty posts on Reddit, and suddenly everyone’s buying WOOF. It’s the most 2024 stock market story ever.