Keith Gill, 'Roaring Kitty', Sells Entire 6.6% Chewy Stake of 9 Million Shares; $CHWY Shares Drop 2%

Oct 29, 2024, 08:46 PM

Influential investor Keith Gill, also known as 'Roaring Kitty', has dissolved his entire stake in Chewy Inc., according to an SEC filing on October 29, 2024. Gill filed an amended Schedule 13G/A indicating he now holds 0% of Chewy's Class A common stock as of September 30, 2024. He previously reported a 6.6% passive stake, owning over 9 million shares as of July 1, 2024. Gill purchased the shares around June 24 when Chewy's stock closed at $26.95 and sold them at $29.29 on September 30, potentially realizing proceeds of approximately $260 million. The announcement led to a 2% decline in Chewy's share price during after-hours trading.