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Petco (WOOF) Stock Trades Up, Here Is Why
Shares of pet-focused retailer Petco (NASDAQ:WOOF) jumped 35.1% in the morning session after the company reported impressive fourth quarter 2024 results. Sales were in line with expectations, while EBITDA came in significantly ahead.
Why Sensata Technologies (ST) Stock Is Down Today
Shares of sensor manufacturer Sensata Technology (NYSE:ST) fell 7.2% in the afternoon session after semiconductor stocks with significant exposure to the auto sector fell after US President Donald Trump announced a 25% tariff on all vehicles imported into the United States. The move raised concerns about a potential slowdown in global auto production, which would likely dampen demand for semiconductors used in automotive manufacturing.
Why GameStop (GME) Shares Are Getting Obliterated Today
Shares of video game retailer GameStop (NYSE:GME) fell 24.1% in the afternoon session after the company announced plans to raise up to $1.3 billion in convertible debt for corporate purposes, including acquiring Bitcoin. Yes, Bitcoin.