Meme stock trader and influencer Keith Gill, known as "Roaring Kitty," has sold his entire stake in pet product e-commerce company Chewy, according to an SEC filing.
Chewy shares slipped after it was revealed famed meme stock trader Keith Gill, known by his online username Roaring Kitty, has sold off his entire stake in the pet supplies company. Gill, best known for driving the GameStop short squeeze in January 2021, disclosed a 6.6% stake in Chewy in July, owning 9 million shares worth about $245 million at the time.
The pet products retailer's stock was down after a filing showed that trader Keith Gill had disposed of his holdings in the company.
Influential trader Keith Gill, also known as Roaring Kitty, has sold his stake in Chewy, the online retailer of pet products.
Chewy (CHWY) closed at $27.09 in the latest trading session, marking a -1.35% move from the prior day.
Zacks.com users have recently been watching Chewy (CHWY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
OKTA, GAP, and CHWY made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 24, 2024.
The stock market can trap investors who get either too long or too short on a specific company or trend. Whenever this happens, the market has a way of correcting these imbalances through sharp rotations.
CHWY, ERIC, SOHO, HY and GAP have been added to the Zacks Rank #1 (Strong Buy) List on October 22, 2024.
The latest trading day saw Chewy (CHWY) settling at $29.32, representing a +0.14% change from its previous close.
Chewy's shares have been volatile, but your money has still grown over the last five years.
Chewy Inc. CHWY is a prominent player in the pet care industry, leveraging its e-commerce platform to cater to a growing base of pet owners. CHWY is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 23.6x, which positions it at a discount compared to the industry's average of 25.47x.