Chewy stock wavers after 'Roaring Kitty' discloses 6.6% stake
How many shares of Chewy does Keith Gill own?
Keith Gill, also known as "Roaring Kitty," owns more than 9 million shares of Chewy Inc6. This makes him the third-biggest Chewy shareholder, with a 6.6% stake in the company.
Why might Keith Gill be interested in Chewy?
Keith Gill, also known as "Roaring Kitty," may be interested in Chewy due to its potential as a meme stock trade and its growth prospects. Chewy is an online pet food and product retailer with a significant customer base, and its short interest as a percentage of free float has climbed to more than 17%. Additionally, Chewy's founder, Ryan Cohen, is the current CEO of GameStop, another meme stock that Gill has shown support for in the past.
What was Chewy's stock movement on June 27?
Chewy's stock surged by about 30% on June 27 after a post from popular investor Keith Gill, known as "Roaring Kitty," on social media platform X. However, the stock eventually lost gains and closed below the flat line.