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Chewy shares rally more than 10% after SEC filing reveals ‘Roaring Kitty’ Keith Gill has 6.6% stake

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Chewy shares rally more than 10% after SEC filing reveals ‘Roaring Kitty’ Keith Gill has 6.6% stake

Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024.

Source: Roaring Kitty | YouTube

Shares of Chewy popped in premarket trading Monday after a Securities and Exchange Commission filing showed meme stock trader “Roaring Kitty” took a stake in the pet food e-commerce retailer.

The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company. That makes him the third-biggest Chewy shareholder, according to FactSet. Based on Friday’s close, that stake is valued at more than $245 million.

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