PDCO - IDEXX Zoetis Henry Schein rebound as Patterson adds over 10% on earnings

• A group of dental and animal health stocks traded higher on Wednesday after Patterson Companies ( PDCO ), a company focused on both markets, reported better than expected financials for 4Q fiscal 2022.
• After two consecutive sessions of losses, the veterinary equipment providers, IDEXX Laboratories ( IDXX ) and Zoetis ( ZTS ), gained on below average volume, while Henry Schein ( HSIC ), a distributor of dental products, recovered from a decline on Tuesday.
• Meanwhile, Patterson ( PDCO ) climbed more than 10% on strong volumes to record the best intraday gain since December 2020, when company shares surged in response to another strong earnings beat.
• With a gain of ~5%, Patterson ( PDCO ) is the best performer among its dental peers for the year so far, as shown in this graph.

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