Petco Health and Wellness (WOOF) rallied over 11% Wednesday, a day after a regulatory filing showed chief executive Joel D. Anderson indirectly acquired nearly 1.6 million of its shares in recent days.

The Form 4 filing shows Anderson bought 736,547 shares at $2.91 each through a trust on March 28 followed by another 841,667 shares purchased on Monday through a pair of transactions through the trust, both at $3.03 a share. Combined, he spent nearly $4.7 million.

His son bought 7,874 of the company's shares on Monday at $3.03 apiece.

Anderson joined Petco in July 2024 after three years as chief executive of Walmart.com (WMT).

Price: 3.30, Change: +0.34, Percent Change: +11.32