Chewy stock spikes, then retreats, after 'Roaring Kitty' posts cryptic picture of dog on X
How did Chewy stock close on the day of the spike?
Chewy stock experienced a spike, rising as much as 30% on Thursday, following a cryptic post by investor Keith Gill, also known as "Roaring Kitty." However, the stock quickly retreated and closed the day just below the flat line.
How did other pet stocks react to Gill's tweet?
Other pet stocks also experienced a boost following Gill's tweet. Petco (WOOF) and PetMed Express (PETS) both saw their shares rise in afternoon trading. This indicates that Gill's social media activity not only impacted Chewy's stock but also influenced the wider pet stock market.
What did Keith Gill post that affected Chewy's stock?
Keith Gill, known as "Roaring Kitty," posted a cryptic picture of a dog on his X account, which caused Chewy's stock to spike as much as 30%. However, the stock quickly retreated and closed the day just below the flat line. Gill's posts have been driving up shares of GameStop and brought a resurgence to the meme stock trade.