Chewy shares fall after surging on revelation of ‘Roaring Kitty’ meme trader’s 6.6% stake | CNN Business

New York CNN  — 

Shares of online pet products retailer Chewy went on a wild ride Monday after Keith Gill, the influential meme stock trader also known as ”Roaring Kitty,” revealed a large stake in the company.

On Monday, Gill said in a Securities and Exchange filing that he purchased about 9 million Chewy shares (CHWY), amounting to a 6.6% stake in the company.

Chewy shares slipped about 5% mid-morning on Monday after jumping as much as 10% earlier in the session.

Chewy shares began gaining last Thursday after Gill, the individual investor who

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

5 Simple Tips for a Productive Trade Show Experience

Opinions expressed by Entrepreneur contributors are their own. I have been participating in trade shows for over twenty years. My trade show...

Want to Open a Restaurant? Here’s a Step-By-Step Guide

Opinions expressed by Entrepreneur contributors are their own. Starting and opening a new restaurant is an exciting venture that can be both...

Supreme Court puts Florida and Texas Social Media Laws on hold

The U.S. Supreme Court on Monday put two social media laws on hold,...