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Why Trupanion Stock Was Down 10% on Thursday

Why Trupanion Stock Was Down 10% on Thursday

The share price for Trupanion (NASDAQ: TRUP) finished the day down 10% on Thursday. Trupanion, a pet insurer, took a hit today due to a major deal within its industry that investors viewed negatively. Chewy, an online retailer for pet products, announced a partnership with pet insurance provider and Trupanion competitor, Lemonade.