Dj Wag! Group Files 8K - Bankruptcy Or Receivership >Petxq

Investing.com – U.S. stocks were lower after the close on Tuesday, as losses in the Healthcare, Industrials and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.46%, while the S&P 500 index lost 0.30%, and the NASDAQ Composite index declined 0.38%.

The best performers of the session on the Dow Jones Industrial Average were Travelers Companies (NYSE:TRV), which rose 1.93% or 4.91 points to trade at 259.82 at the close. Meanwhile, Coca-Cola Co (NYSE:KO) added 1.90% or 1.30 points to end at 69.39 and Goldman Sachs Group Inc (NYSE:GS) was up 1.15% or 8.32 points to 731.97 in late trade.

The worst performers of the session were Unitedhealth Group (NYSE:UNH), which fell 7.30% or 20.59 points to trade at 261.53 at the close. Boeing Co (NYSE:BA) declined 4.30% or 10.17 points to end at 226.24 and Merck & Company Inc (NYSE:MRK) was down 1.64% or 1.38 points to 82.68.

The top performers on the S&P 500 were Corning Incorporated (NYSE:GLW) which rose 11.95% to 62.03, Incyte Corporation (NASDAQ:INCY) which was up 10.28% to settle at 77.38 and Cadence Design Systems Inc (NASDAQ:CDNS) which gained 9.74% to close at 366.26.

The worst performers were Carrier Global Corp (NYSE:CARR) which was down 10.62% to 71.67 in late trade, United Parcel Service Inc (NYSE:UPS) which lost 10.58% to settle at 90.83 and Brown & Brown Inc (NYSE:BRO) which was down 10.40% to 91.91 at the close.

The top performers on the NASDAQ Composite were Silexion Therapeutics Corp (NASDAQ:SLXN) which rose 1,318.29% to 12.41, Senmiao Technology Ltd (NASDAQ:AIHS) which was up 927.04% to settle at 2.73 and Durect Corporation (NASDAQ:DRRX) which gained 240.15% to close at 1.88.

The worst performers were Pheton Holdings Ltd (NASDAQ:PTHL) which was down 94.73% to 1.63 in late trade, Global Engine Group Holding Ltd (NASDAQ:GLE) which lost 62.96% to settle at 1.10 and Wag! Group Co (NASDAQ:PET) which was down 59.91% to 0.05 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1463 to 1293 and 85 ended unchanged; on the Nasdaq Stock Exchange, 2419 fell and 917 advanced, while 122 ended unchanged.

Shares in Corning Incorporated (NYSE:GLW) rose to 5-year highs; up 11.95% or 6.62 to 62.03. Shares in United Parcel Service Inc (NYSE:UPS) fell to 5-year lows; down 10.58% or 10.75 to 90.83. Shares in Cadence Design Systems Inc (NASDAQ:CDNS) rose to all time highs; rising 9.74% or 32.50 to 366.26. Shares in Brown & Brown Inc (NYSE:BRO) fell to 52-week lows; losing 10.40% or 10.67 to 91.91. Shares in Unitedhealth Group (NYSE:UNH) fell to 5-year lows; falling 7.30% or 20.59 to 261.53. Shares in Goldman Sachs Group Inc (NYSE:GS) rose to all time highs; rising 1.15% or 8.32 to 731.97. Shares in Pheton Holdings Ltd (NASDAQ:PTHL) fell to all time lows; losing 94.73% or 29.33 to 1.63. Shares in Global Engine Group Holding Ltd (NASDAQ:GLE) fell to all time lows; down 62.96% or 1.87 to 1.10. Shares in Durect Corporation (NASDAQ:DRRX) rose to 52-week highs; up 240.15% or 1.33 to 1.88. Shares in Wag! Group Co (NASDAQ:PET) fell to all time lows; down 59.91% or 0.07 to 0.05.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 6.32% to 15.98.

Gold Futures for December delivery was up 0.45% or 15.25 to $3,382.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 3.96% or 2.64 to hit $69.35 a barrel, while the October Brent oil contract rose 3.62% or 2.51 to trade at $71.83 a barrel.

EUR/USD was unchanged 0.35% to 1.15, while USD/JPY rose 0.03% to 148.50.

The US Dollar Index Futures was up 0.28% at 98.67.

Investing.com -- Wag! Group Co (NASDAQ:PET) stock plummeted 35% following the company’s receipt of a delisting notice from Nasdaq, which will suspend trading of the pet services company’s shares on July 30, 2025.

The delisting decision comes after Wag! Group filed for Chapter 11 bankruptcy protection on July 21, 2025. According to the notice received on July 23, Nasdaq cited several concerns including public interest issues related to the bankruptcy filing, questions about residual equity interest of existing shareholders, and the company’s inability to maintain compliance with multiple listing requirements.

Specifically, Nasdaq noted Wag! Group’s failure to meet the minimum $1 bid price requirement, the $50 million Market Value of Listed Securities requirement, and the $15 million minimum Market Value of Publicly Held Shares requirement.

Following the delisting, Wag! Group’s common stock and warrants are expected to begin trading on the OTC Markets Group’s Pink Open Market, commonly known as the "pink sheets." The company warned that this transition will likely result in significantly reduced liquidity and could further depress the trading price of its securities.

The pet services platform also cautioned investors that recent trading prices do not reflect the pending cancellation of these securities pursuant to the Chapter 11 bankruptcy proceedings, suggesting that current shareholders may face a complete loss of their investment as the bankruptcy process unfolds.

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