Chewy stock rallied Monday after meme trader Keith Gill, a.k.a Roaring Kitty, revealed a 6.6% stake. Other meme stocks retreat.
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