- Chewy Inc (NYSE:CHWY) has partnered with pet medical insurance company Trupanion Inc (NASDAQ:TRUP) to offer an exclusive suite of pet health insurance and wellness plans to its ~20 million customers. The financial terms of the arrangement were not disclosed.
- Chewy will offer customers preventative care wellness plans and comprehensive insurance plans for accidents, illnesses, and chronic conditions through the partnership.
- Chewy expects to leverage Trupanion’s patented software to pay veterinarians directly, thus reducing out-of-pocket expenses and increasing access to care.
- The plans will be available for purchase on Chewy.com beginning in Spring 2022.
- Price Action: CHWY shares are trading higher by 2.80% at $61.21, while TRUP is higher by 29.8% at $145.1 on the last check Tuesday.
Needham Maintains Buy on Sequans Communications, Lowers Price Target to $5
Needham analyst Rajvindra Gill maintains Sequans Communications (NYSE:SQNS) with a Buy and lowers the price target from $7 to $5.
