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Market
Will Keith Gill increase his stake in Chewy by the end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
SEC filings and public disclosures
Story
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.
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Similar markets
Yes • 50%
No • 50%
Invests in tech stocks • 25%
Invests in retail stocks • 25%
Invests in cryptocurrency • 25%
No major investment move • 25%
More than 20% increase • 25%
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Decrease • 25%
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Yes • 50%
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Outperforms S&P 500 • 25%
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Significantly underperforms • 25%