Chewy Stock Lower Following Roaring Kitty Stake
CHWYChewy(CHWY) Schaeffers Investment Research·2024-07-01 22:48

Meme stock trader Keith Gill, who inspired the retail trading frenzy of 2021 and is better known as Roaring Kitty, pounced on Chewy Inc (NYSE:CHWY). According to a new U.S. Securities and Exchange Commission (SEC) filing, Gill bought 9 million shares, or a 6.6% stake in the pet e-tailer. This makes him the third-largest shareholder in CHWY, and at last glance, CHWY is down 5.6% at 25.72,reversinga1525.72, reversing a 15% premarket gain. The shares surged to a 2024 peak of 39.10 on Thursday, after Gill posted a picture of a ...