Chewy shares fell over 6% after initially jumping up to 10% when Keith Gill, known as 'Roaring Kitty', revealed a 6.6% stake in the company through a recent SEC filing. Chewy shares had risen over 34% last week after Gill posted a cartoon dog image on social media with the same blue color as Chewy's logo. Gill is known for his influence over meme stocks like GameStop, often moving prices through his social media posts of his positions. In his SEC filing, Gill checked a box stating, "I am not a cat," potentially referencing his 2021 congressional testimony over meme stocks.
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00:00It's Benzinga and here's what's on the block.
00:03Chewy shares fell over 6% after initially jumping up to 10% when Keith Gill known as
00:08Roaring Kitty revealed a 6.6% stake in the company through a recent SEC filing.
00:14Chewy shares had risen over 34% last week after Gill posted a cartoon dog image on social
00:19media that had the same blue color as Chewy's logo.
00:23Gill is known for his influence over meme stocks like GameStop, often moving prices
00:27through his social media posts of his positions.
00:30In his SEC filing, Gill checked a box stating,
00:32"...I am not a cat," potentially referencing his 2021 congressional testimony over meme
00:37stocks.
00:38For all things money, visit Benzinga.com.