'Chewy Stock Surges 8% as SEC Filing Shows ‘Roaring Kitty’ Keith Gill Holds 6.6% Ownership'
Money | July 1, 2024, 7:54 a.m.
Keith Gill, also known as Roaring Kitty, purchased just over 9 million shares of Chewy, giving him a 6.6% stake valued at over $245 million. This move caused Chewy's stock to surge after the Securities and Exchange Commission filing was revealed. The filing also included a humorous section about cats that Gill referenced during Congressional hearings on the GameStop trading frenzy. Gill, a prominent figure in the GameStop saga, has been involved in both GameStop and Chewy investments. GameStop's CEO, Ryan Cohen, was previously CEO and founder of Chewy, leading to a significant connection between the two companies. Gill has shown confidence in GameStop's future, describing it as undergoing a reinvention under Cohen's leadership. Gill played a key role in rallying retail investors to drive up GameStop's stock price earlier this year.