Unlike GameStop, Gill hasn't shared his investment thesis for Chewy. Last month, he hinted at his investment by posting an image of a cartoon dog with its tongue hanging out. Tracking institutional ownership is important, as these large investors provide liquidity and support for stocks. During Q1, 348 13F filers disclosed a stake in CHWY, a decline of 21 filers, or 5.69%, compared to the previous quarter. In total, these filers own 100.65 million shares, down by 1.32%. On the date of publication, the respo ...

Chewy shares were volatile on Monday after famed meme stock trader "Roaring Kitty," also known as Keith Gill, bought a 6.6% stake in the company. Gill bought just over 9 million shares of the online pet retail site founded by GameStop CEO Ryan Cohen, according to a filing with the U.S. Securities and Exchange Commission. The stake is valued at over $230 million. Ticker Security Last Change Change % CHWY CHEWY INC. 25.72 -1.52 -5.58% Cohen sold Chewy to the owners of PetSmart in 2017 for $3.35 billion. At th ...

Chewy (NYSE:CHWY) stock is in the spotlight after Roaring Kitty, whose real name is Keith Gill, revealed a 6.6% stake in the pet supplies e-commerce company through a 13G filing. Equivalent to 9.001 million shares, Gill's stake is accurate as of June 24. He disclosed the position this morning. Gill had previously hinted at his investment in CHWY stock, posting a picture of a cartoon dog on June 27: Meanwhile, others are wondering whether Gill sold out of his GameStop (NYSE:GME) stake in order to fund his Ch ...

Key Takeaways Last week, Gill shook up trading of Chewy stock, along with that of rival Petco Health and Wellness (WOOF), when he posted a picture of a cartoon dog on his X account. That sent shares of Chewy soaring as much as 34% Thursday before they turned negative. They added to their losses on Friday. Gill, one of the drivers of the meme stock craze of early 2021, disappeared from social media for three years before re-emerging in May. That prompted another meme stock frenzy, especially impacting shares ...

Short-term moves are unpredictable but the long-term outlook is good for this cheap stock. Chewy's up-and-down day Is Chewy a value stock? Shares of pet e-commerce company Chewy (CHWY -3.71%) popped on Monday after a famous investor disclosed a massive stake in the business. But the move didn't hold. As of 10:15 a.m. ET, Chewy stock was down 4%. But it had been up by 10% in early trading and up even more than that in pre-market trading. Keith Gill -- also known as Roaring Kitty -- is famous for his love of ...

Short interest is rapidly unwinding, down 12.2% in the last two reporting periods, but shorts remain in control. The 19.91 million shares sold short account for 15.3% of Chewy stock's available float. The shares surged to a 2024 peak of $39.10 on Thursday, after Gill posted a picture of a dog on X. While the stock has cooled off from that rally, it's still trading above all long- and short-term moving averages. On track for its fourth consecutive day in the red, CHWY still added 43.8% in the last nine month ...

Shares of online pet food retailer Chewy surged more than 10% in pre-market trading on Monday after internet meme stock star "Roaring Kitty" revealed that he took a sizable stake in the company — before turning negative after the opening bell. Keith Gill, the popular social media influencer who commands an online following of more than 1.6 million users on X, filed disclosure forms with the Securities and Exchange Commission on Monday showing that he had amassed 9,001,000 Chewy shares, a 6.6% stake, worth a ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup New ...

Topline Shares of Chewy fell over 4% Monday morning, following an earlier surge in trading for the pet retailer after trader Keith Gill—known online as "Roaring Kitty"—disclosed a 6.6% stake in the company founded by the now-CEO of meme stock darling GameStop. The meme stock trader is now the third-largest shareholder in the pet retailer. Gado via Getty Images Key Facts Chewy shares dropped to over $26 around 10 a.m., after surging as much as 29% in premarket trading. Gill purchased over 9 million Class A s ...

The turbulent rally comes days after the investor, known for triggering the meme-stock rally of 2021, posted an uncaptioned picture of a puppy on the social media platform X that briefly sent Chewy shares to a near one-year high on Thursday. Meme stocks – boosted by memes on social media – first emerged as a force three years ago, when amateur traders mobilized on platforms including Reddit to boost shares in GameStop. Shares of Chewy, which sells pet food as well as medicine online, have risen 15% so far i ...