Chewy Stock Jumps 20% as SEC Filing Shows Keith Gill, AKA 'Roaring Kitty', Holds 6.6% Stake

Money | July 1, 2024, 6:44 a.m.

Keith Gill, also known as "Roaring Kitty," has amassed a 6.6% ownership stake in Chewy, making him the third-largest shareholder in the company. This move caused a surge in Chewy's stock prices in premarket trading following his announcement. Gill, a prominent figure in the meme stock trading world, has been closely associated with GameStop and recently disclosed a significant stake in the video game retailer. His ties to GameStop run deep, as former Chewy CEO Ryan Cohen is now leading a turnaround at GameStop after joining its board in early 2021. Gill's investment decisions and influence on retail investors have been closely watched, as he continues to make bold moves in the stock market. His recent acquisition of a substantial Chewy stake adds another layer of intrigue to his investment portfolio.