PetSmart (PETM) Rallies After Revealing Hedge Fund Stake

Shares of PetSmart (PETM) surged as much as 15% on July 3 after the company revealed that Barry Rosenstein’s activist hedge fund Jana Partners LLC had acquired a 9.9% ownership stake in the retailer, making it the company’s largest shareholder. In a regulatory filing the $10 billion firm reported owning around 9.82 million shares, which […] View the full post at: PetSmart (PETM) Rallies After Revealing Hedge Fund Stake Related posts: Meriwether Launching a Third Hedge Fund After Driving Two Into the Ground John Paulson Doubles His Stake In Cadbury The Hedge Fund Industry Likely to Split in Two