Pets at Home
Is this an opportunity to take a position ahead of the results?
Pets at Home reports Full Year Results on Wednesday, 22 May.
- Last time Pets at Home reported: Q3 Trading, 22 May.
- The shares closed +17.3% for a daily range of 20p or 16.1%.
- Shares -9.6% from 2019 highs; +31.5% from 2019 lows; +28.7% year-to-date.
- Currently 149p (at time of writing).
- Could we see another big share price move on Wednesday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Pets at Home – An Example
Let’s say you think that Pets at Home results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Pets at Home using CFDs, at the current price of 149p. To do this, you need £2,000.
For the purpose of this example, let’s assume Pets at Home reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.
Conversely, let’s assume you open the position, and place a stop-loss 3% below the current price. Pets at Home results miss, it falls 3% and hits your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.