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Non-Tech : PETM - Petsmart -- Ignore unavailable to you. Want to Upgrade?


To: Robert who wrote (1348)12/29/1998 12:00:00 PM
From: Tim Luke  Read Replies (1) | Respond to of 1508
 
looking



To: Robert who wrote (1348)1/4/1999 3:49:00 AM
From: Anthony Wong  Read Replies (1) | Respond to of 1508
 
Bloomberg said that the move was due to investor optimism for strong holiday sales and end of year-end tax loss selling:-

Petsmart Inc. (PETM) rose 1 1/16, or 10 percent, to 11 7/16.
The pet products retailer gained on investor optimism for strong
holiday sales and also rebounded as year-end tax loss selling
pressure -- which had pushed down the stock -- abated, said
analyst Ronald Ardt at Lloyd Wade Securities, who rates the stock
a ''buy.'' (Dec. 29, Bloomberg news)