An issue of PetSmart, Inc. (NASDAQ:PETM) bonds rose 0.6% against their face value during trading on Monday. The high-yield issue of debt has a 7.125% coupon and is set to mature on March 15, 2023. The debt is now trading at $58.81 and was trading at $58.50 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
PETM stock remained flat at $$82.98 on Wednesday. PetSmart, Inc. has a 52 week low of $55.00 and a 52 week high of $83.49.
PetSmart Company Profile
PetSmart, Inc is a United States-based company, which is a pet retailer of services and solutions for the needs of pets. The Company provides a range of pet food and pet products. The Company offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store.
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