With his 6.6% stake in Chewy Inc., influential trader Keith Gill, also known as Roaring Kitty, sent shares of the online pet-products retailer soaring earlier this week, adding to its meme-stock status.
GameStop CEO Ryan Cohen is also the founder of Chewy, though Chewy hasn't traded much like a meme stock so far.
After several days of speculation on social media, Keith Gill, aka Roaring Kitty, disclosed a 6.6% stake in Chewy. Chewy's large customer base allows it to negotiate with pet food manufacturers from a position of strength.
Chewy (NYSE: CHWY ) stock is taking a hit after Roaring Kitty, whose real name is Keith Gill, disclosed a 6.6% stake in the company. That's equivalent to about 9 million shares.
Keith Gill, the meme stock trader "Roaring Kitty," thrust Chewy Inc into the spotlight when he made a $245 million bet on the online pet products retailer on Monday.
Chewy stock is volatile Monday after Keith Gill, the investor known as Roaring Kitty, disclosed a 6.6% stake in the online pet retailer. Here's what you need to know.
Shares of online pet retailer Chewy were volatile Monday after a SEC filing disclosed that meme stock trader Keith Gill, who goes by "Roaring Kitty," purchased over 9 million shares.
Chewy (NYSE: CHWY ) stock is in the spotlight after Roaring Kitty, whose real name is Keith Gill, revealed a 6.6% stake in the pet supplies e-commerce company through a 13G filing. Equivalent to 9.001 million shares, Gill's stake is accurate as of June 24.
“Roaring Kitty” is attracting attention again—this time, for his stake in Chewy (CHWY).
Chewy stock has a new beneficial owner, which is causing some volatility today. Shares trade at a cheap valuation because growth has slowed, but the long-term potential is still strong.
Meme stock trader Keith Gill, who inspired the retail trading frenzy of 2021 and is better known as Roaring Kitty , pounced on Chewy Inc (NYSE:CHWY).
Keith Gill filed disclosure forms with the Securities and Exchange Commission on Monday showing that he had amassed 9,001,000 shares of Chewy.