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Why Trupanion Stock Fetched a 39% Gain Today

·2 min read
Why Trupanion Stock Fetched a 39% Gain Today
In this article:
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  • TRUP
  • CHWY

On a day when Wall Street is getting a relief rally as investors reassess a possibly less severe Omicron variant, pet insurance outfit Trupanion (NASDAQ: TRUP) is up a whopping 39% as of 2:10 p.m. ET. The big news is that pet e-commerce leader Chewy (NYSE: CHWY) is making its foray into pet insurance, and has decided to partner with Trupanion to do so. Chewy will offer its some 20 million customers access to wellness and insurance plans for accidents, illnesses, and chronic conditions for dogs and cats.