Chewy (CHWY) has established itself as a formidable player in the online pet retail market, and recent performance metrics suggest that the company is well-positioned for long-term growth.
Chewy (NYSE: CHWY ) has recently become what some would consider to be a meme stock. On June 24, influential investor Keith Gill, also known as Roaring Kitty, disclosed the purchase of 9 million shares, valued at roughly $245 million.
Chewy (CHWY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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Keith Gill, aka Roaring Kitty, recently bought 6.6% of Chewy's outstanding shares. The online pet retailer is recovering from a post-pandemic hangover, but it has several growth opportunities.
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Chewy (CHWY), Edgewell (EPC) and Arko (ARKO) are three consumer staples stocks that should do well in the coming months as inflation subsides.
Some high-profile investors are giving Chewy stock a close look, driving shares up in the process. The company repurchased shares from its largest shareholder, one that's seemingly taking advantage of the higher stock price.
While fans of GameStop (NYSE: GME ) may be reeling from the recent lawsuit against Keith Gill, better known as Roaring Kitty, it turns out Chewy (NYSE: CHWY ) executives may be the real victims here. Indeed, on Monday, Gill showed off a surprise 6.6% stake in Chewy, sending CHWY stock plummeting in the process.
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Just weeks after Keith Gill—the leader behind the famous 2021 GameStop short squeeze—staged an eventful return to the internet, it looks like he's got his sights set on a brand-new source of meme-stock fodder: Chewy, the online pet goods retailer.