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Why PetIQ Stock Tanked on Friday

Why PetIQ Stock Tanked on Friday

Perhaps traders didn't need much of an excuse to sell -- they can get antsy when a stock is up big, and PetIQ stock was trading near its 52-week high after more than doubling from the all-time low it touched in March. Product revenue held up fine in Q2 as sales rose 36% year over year to $264 million, helped by recent acquisitions.