Why Trupanion Stock Has Rocketed 27.7% So Far This Week
Shares of Trupanion (NASDAQ: TRUP) have rocketed 27.7% higher so far this week, according to data from S&P Global Market Intelligence. The medical insurer for pets announced that it is partnering with Chewy (NYSE: CHWY), the online retailer focused on the pet market.
On Dec. 7, Trupanion announced its partnership with Chewy. The deal offers exclusive health and wellness plans to Chewy's 20 million active customers and will be available in the spring of 2022. By partnering with Trupanion, Chewy helped validate the insurer's direct-to-vets pay model, and the deal also eliminates Chewy as a potential competitor to Trupanion in pet health insurance.
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Source Fool.com