Shares of Chewy fell over 4% Monday morning, following an earlier surge in trading for the pet retailer after trader Keith Gill—known online as “Roaring Kitty”—disclosed a 6.6% stake in the company founded by the now-CEO of meme stock darling GameStop.
Meme-stock influencer Keith Gill disclosed a 6.6% share in the pet food and medicine e-retailer
Chewy Inc. NYSE: CHWY shares spiked as much as 29% in premarket trading Monday after Keith Gill—known online as "Roaring Kitty"—disclosed a 6.6% passive stake in the online pet food and product retailer.
Chewy (NYSE: CHWY ) stock is up on Monday after a filing with the Securities and Exchange Commission (SEC) revealed a stake from Roaring Kitty. Roaring Kitty, real name Keith Gill, now holds a 6.6% passive stake in CHWY stock.
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.