PetMed Express was upgraded to buy from hold by TheStreet Ratings last Monday. TheStreet Ratings gives PetMed Express a B grade. The stock closed Friday at $11.57 and has risen 11.46% year to date.
Chinese indices rise and the renminbi is pegged lower against the dollar after a one-week holiday, while Hong Kong and Japan take a break.
The divestiture is part of the company's drive to become a fully regulated utility and reduce business risks.