PetSmart (PETM) Debt Trading 1.5% Lower

An issue of PetSmart, Inc. (NASDAQ:PETM) bonds fell 1.5% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 7.125% coupon and will mature on March 15, 2023. The bonds in the issue are now trading at $71.75 and were trading at $74.97 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its share price.

Shares of PETM opened at $82.98 on Thursday. PetSmart, Inc. has a 12-month low of $55.00 and a 12-month high of $83.49.

About PetSmart (NASDAQ:PETM)

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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