$Petco Health and Wellness (WOOF.US)$ fell after Roaring Kitty's dog picture post turned out to be a preview before his $Chewy (CHWY.US)$ investment, instead of a Woof investment.
The social media post by Roaring Kitty, famous for his role in the GameStop short squeeze of 2021, has caused a surge in interest in pet-related stocks. Gill's influence in the stock market is significant, given his past success in identifying and promoting stocks with potential for substantial gains.
Aditionally, Petco recently also released its 2023 Environmental, Social and Governance (ESG) report, highlighting key initiatives and achievements. The report details a new large-scale recycling program aimed at diverting LDPE plastic from landfills, expected to recycle nearly 150 tons of plastic annually.