Why Petco Stock Fell 20% in September
Shares of Petco (NASDAQ: WOOF) were rolling over last month after the pet products retailer and services company faded on concerns about rising interest rates and in response to 's latest entry into pet services.
According to data from S&P Global Market Intelligence, the stock finished the month down 20%.
As you can see from the chart below, that pullback primarily came as concerns about rising interest rates washed over the market in the middle of September.
Source Fool.com