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Chewy’s Stock Soars as ‘Roaring Kitty’ Trader Discloses Investment


The stock price of online pet retailer Chewy saw significant volatility after popular internet investor Keith Gill, known as “Roaring Kitty,” revealed he had purchased a significant stake in the company. Chewy shares initially surged 11% before declining 3% early Monday. Gill had hinted at the Chewy investment with a post on X featuring a dog emoji, causing the stock to rally. A recent SEC filing showed Gill had purchased shares worth $245 million, representing 6.6% of the company. Gill gained fame in 2021 for leading an online movement to buy stocks of struggling companies like GameStop and AMC, with mixed success. He now faces a class-action lawsuit alleging a “pump and dump” scheme with GameStop shares, which have declined 50% from their peak. The Massachusetts Secretary of State is also investigating the GameStop trade. Gill has not yet responded to the allegations.

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