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Keith Gill, the famous meme stock trader and influencer known as “Roaring Kitty,” acquired a 6.6% stake in Chewy over the summer, according to a Tuesday filing with the Securities and Exchange Commission. , currently owns no Chewy stock.
Chewy stock was volatile on Tuesday, but was down slightly to $26.54 per share as of mid-morning Wednesday. The stock has increased 18.47% since the beginning of the year.
Roaring Kitty has liquidated its entire stake in Chewy, according to an SEC filing on Tuesday. (Gabby Jones/Bloomberg via Getty Images/Getty Images)
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| Chiwai | Chewy Co., Ltd. | 29.20 | +0.34 |
+1.18% |
In July, Gill bought just over 9 million shares of the online pet retail site. At the time, the stock was valued at more than $230 million.
The Chewy stock is Gill's first investment outside of GameStop, and there is a connection between his investments.
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Chewy founder Ryan Cohen, the billionaire who sold Chewy in 2017, is now CEO of GameStop. Gill previously praised Cohen in social media posts.
Keith Gill, the Reddit user credited with inspiring the GameStop rally, during a YouTube livestream. (Michael Nagle/Bloomberg via Getty Images/Getty Images)
Gill, a former office worker who rose to fame with his cat memes and frenetic YouTube streams, often wearing a bright red pirate bandana, has amassed thousands of copycat bets on GameStop and bets on its stock. bankrupted a hedge fund.
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Mr. Gill's investment had raised concerns among Chewy's senior management that its shareholder, the asset manager, could be put off by stock price volatility fueled by Mr. Gill's army of private investors. , a person familiar with the company's thinking told Reuters in July. revealed his own share.
Keith Gill, known by the pseudonym Roaring Kitty on Reddit, first gained fame through his involvement in the 2021 GameStop stock riot. (Pavlo Gonchar/SOPA Images/LightRocket via Getty Images / Getty Images)
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| GME | GameStop Co., Ltd. | 23.00 | +0.68 |
+3.06% |
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Roaring Kitty sent GameStop stock soaring in 2021 with a series of social media posts that sent retail money flowing into the company. He gained notoriety and a cult following among some investors.
FOX Business' Daniella Genovese and Reuters contributed to this report.
