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Roaring Kitty Discloses 6.6% Stake in Chewy, Shares Surge 29%

Jul 1, 2024, 12:24 PM

Keith Gill, known as Roaring Kitty, has disclosed a significant stake in Chewy Inc. through an SEC 13G filing. Gill, who gained fame during the GameStop trading frenzy, now owns 9,001,000 shares of Chewy, representing 6.6% of the company, valued at $245 million. Following the announcement, Chewy's shares surged by as much as 29% in premarket trading, with an initial rise of 15%. Gill humorously identified himself as 'not a cat' in the filing. Meanwhile, GameStop shares experienced a decline of 4.4% in premarket trading after the news, eventually falling by 6.68%. Gill is now the third largest shareholder of Chewy.