‘Roaring Kitty' Buys Stake In Chewy—Shares Fall 4% After Brief Surge
CHWYChewy(CHWY) Forbes·2024-07-01 22:13

Topline 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. The meme stock trader is now the third-largest shareholder in the pet retailer. Gado via Getty Images Key Facts Chewy shares dropped to over $26 around 10 a.m., after surging as much as 29% in premarket trading. Gill purchased over 9 million Class A s ...