Kitty Inu

Roaring Kitty

Chewy

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<ul>
 <li>Keith Gill, ‘Roaring Kitty’, reveals unexpected investment in Chewy, owning 6.6% stake.</li>
 <li>Gill’s Chewy stake disclosed in SEC filing, causing initial surge then drop in stock price.</li>
 <li>Keith Gill buys 9 million Chewy shares, raising questions about the company’s future.</li>
</ul>
<p>Keith Gill, widely recognized as ‘<a href="https://x.com/kittytrcker?t=jgiD_AQzQHUMltWYrcVcEA&amp;s=09" target="_blank" rel="noopener noreferrer nofollow">Roaring</a><a href="https://x.com/kittytrcker?t=jgiD_AQzQHUMltWYrcVcEA&amp;s=09" rel="noopener noreferrer nofollow"> Kitty</a>’ is once again trending, but not about GameStop. This time, it’s about an unexpected investment in online pet retailer Chewy (CHWY).</p>
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   <p lang="en" dir="ltr">JUST IN: Roaring Kitty (Keith Gill) files SEC 13G disclosing owning 6.6% of Chewy <a href="https://twitter.com/search?q=%24CHWY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$CHWY</a>. <a href="https://t.co/gEQnBCvK5b" rel="noopener noreferrer nofollow">pic.twitter.com/gEQnBCvK5b</a></p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1807751171433480292?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a>
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<p>In a recent SEC 13G filing, Gill disclosed that he now holds a significant stake in CHWY. The filing revealed that he purchased just over 9 million shares, amounting to a 6.6% ownership stake in the company.&nbsp;</p>
<p>This development has drawn the attention of investors and traders, given Gill’s reputation as a meme stock icon. Chewy, a convenient online platform for pet products, saw its stock price react swiftly. Initially, shares surged by 11% following Gill’s disclosure.</p>
<p>However, the excitement was short-lived. The stock later turned negative, trading down 6% midday on Monday. The turbulence reflects the market’s uncertainty about what this investment means for the company’s future.</p>
<h2 class="wp-block-heading" id="h-gill-s-rise-to-fame">Gill’s Rise to Fame</h2>
<p>Gill’s journey to fame began in 2020 when he became the de facto leader of an online-populist movement. His goal was to turn around legacy <a href="https://www.shopify.com/in/retail/brick-and-mortar" rel="noopener noreferrer nofollow">brick-and-mortar companies</a> like GameStop, AMC, and Bed Bath &amp; Beyond.&nbsp;</p>
<p>Though the movement didn’t achieve its goals, it caused major losses for investors who bet against these companies. Gill’s trading activities, however, have faced scrutiny.</p>
<p>Notably, Gill’s recent trades in GameStop shares led to a <a href="https://cryptonewsland.com/gamestop-trader-keith-gill-faces-class-action-lawsuit-over-social-media-posts/" rel="noopener noreferrer nofollow">class-</a><a href="https://cryptonewsland.com/gamestop-trader-keith-gill-faces-class-action-lawsuit-over-social-media-posts/" target="_blank" rel="noopener noreferrer nofollow">action</a><a href="https://cryptonewsland.com/gamestop-trader-keith-gill-faces-class-action-lawsuit-over-social-media-posts/" rel="noopener noreferrer nofollow"> lawsuit</a> filed in Brooklyn. The plaintiff alleges that Gill engaged in a ‘pump and dump’ scheme, artificially inflating the stock price through his influential online platform.&nbsp;</p>
<p>Gill’s subsequent profitable sale of shares raised suspicions. Despite the controversy, <a href="https://cryptonewsland.com/gamestop-shares-surge-over-47-as-keith-gill-announces-return-to-livestreaming/" rel="noopener noreferrer nofollow">GameStop’s </a><a href="https://cryptonewsland.com/gamestop-shares-surge-over-47-as-keith-gill-announces-return-to-livestreaming/" target="_blank" rel="noopener noreferrer nofollow">stock</a> price remains higher than before Gill’s involvement.</p>
<p>Interestingly, Chewy’s co-founder, Ryan Cohen, also played a role in the meme-stock wave. Cohen, who is no longer affiliated with Chewy management, revealed his large position in GameStop in 2020. months after Gill’s initial posts.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/gamestop-shares-surge-over-47-as-keith-gill-announces-return-to-livestreaming/" rel="noopener noreferrer nofollow">GameStop Shares Surge Over 47% as Keith Gill Announces Return to Livestreaming</a></li>
 <li><a href="https://cryptonewsland.com/gamestop-trader-keith-gill-faces-class-action-lawsuit-over-social-media-posts/" rel="noopener noreferrer nofollow">GameStop Trader Keith Gill Faces Class-Action Lawsuit Over Social Media Posts</a></li>
 <li><a href="https://cryptonewsland.com/kitty-inu-guide-how-to-buy-and-how-to-play-kittykart/" rel="noopener noreferrer nofollow">Kitty Inu Guide 2022: How to Buy and How to Play KittyKart</a></li>
 <li><a href="https://cryptonewsland.com/bullish-market-for-memecoins-profit-opportunities-ahead/" rel="noopener noreferrer nofollow">Bullish Market for Memecoins: Profit Opportunities Ahead</a></li>
 <li><a href="https://cryptonewsland.com/this-cat-inspired-token-kitty-inu-is-challenging-the-status-quo-of-memecoins/" rel="noopener noreferrer nofollow">This Cat-Inspired Token Kitty Inu is Challenging the Status Quo of Memecoins</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/sec-13g-filing-reveals-roaring-kittys-chewy-chwy-stake/" rel="noopener noreferrer nofollow">SEC 13G Filing Reveals Roaring Kitty’s Chewy (CHWY) Stake</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

SEC 13G Filing Reveals Roaring Kitty’s Chewy (CHWY) Stake

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