Chewy Inc (NYSE: CHWY) rallied close to 20% in premarket this morning after an SEC filing confirmed that “Roaring Kitty” has built a stake in the pet food and products retailer. Shares of the eCommerce company are now trading at a year-to-date high.
Chewy Inc.'s stock was up 14.7% in premarket trades after it was revealed that influential trader Keith Gill, had a significant position in the online retailer of pet products.
Keith Gill –better known as Roaring Kitty– discloses a 6.6% stake in the pet-supplies retailer.
The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company.
Chewy (CHWY) shares moved sharply lower Friday as some investors decided the meme stock hero known as “Roaring Kitty” wasn't signaling interest in the pet supply retailer.
A social media post of a dog sent Chewy's shares higher. The move didn't last when investors realized the meme trade wasn't real.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Chewy's budding profitability has plenty of room to grow, and it's now eyeing the veterinary industry, Hershey has stood the test of time, and the stock now trades at a discount to the broader market.
Shares of pet-focused companies Petco (WOOF) and Chewy (CHWY) briefly spiked Thursday after Keith Gill, a key player in the 2020 and 2021 meme-stock craze known as "Roaring Kitty," posted an image of a dog on X.
Roaring Kitty is back at it again. Keith Gill, the man behind the most influential meme stock account in the world, is back to posting.
Chewy Inc (NYSE: CHWY) rallied about 20% this afternoon after Roaring Kitty (Keith Gill) posted a picture of a dog on X.com. Shares of the pet food and products retailer have now more than doubled versus their year-to-date low in late March.
Retail stocks are in focus today, as investors await to unpack the Federal Reserve's preferred inflation gauge.