Petco Stock Eyes Rebound After CEO's Big Buy

Shares of pet retail giant Petco Health and Wellness Company Inc (NASDAQ:WOOF) are 16.4% higher out of the gate, last seen trading at $3.45, after a SEC filing revealed CEO Joel Anderson purchased nearly 1.6 million shares across two sessions -- a$4.7 million investment that signals strong conviction from the top. The move suggests leadership sees deep value in the beaten-down pet retailer at current levels.That vote of confidence comes at a critical time. Despite a 31.5% post-earnings bull gap last week, ...