Chewy shares were surging Monday after investor Keith Gill—better known as Roaring Kitty—disclosed a 6.6% stake in the pet-supplies retailer, which was founded by GameStop CEO Ryan Cohen. Chewy stock was up 18% in premarket trading. Gill disclosed in a filing that he owned 9 million shares of the company.
(Bloomberg) -- Chewy Inc. shares spiked as much as 29% in premarket trading Monday after Keith Gill — known online as “Roaring Kitty” — disclosed a 6.6% passive stake in the online pet food and product retailer.Most Read from Bloomberg24-Hour Stock Trading Is Booming – and Wall Street Is RattledBlackRock Buys Preqin for $3.2 Billion in Private Data PushFrance’s Market Rally Falters as Investors See Enduring RiskJustice Department to Charge Boeing, Seeks Guilty Plea from PlanemakerLe Pen’s Far Ri
The filing, which lists Keith Gill as the reporting person, included a section "Check the appropriate box to designate whether you are a cat" under which the descriptor "I am not a cat" was checked. The U.S. Securities and Exchange Commission, Chewy and Gill were not immediately available for comment. Gill is known to disclose his trading positions on platforms such as YouTube and Reddit, where he is known as "DeepFuckingValue", to the many retail traders who follow his cues.