'Roaring Kitty' Becomes 3rd Largest Shareholder of Chewy with Shares Valued at $245 Million. What Is the GameStop Connection?

Benzinga
Benzinga
  • 2 days ago
SEC filing showed that Keith Gill, aka 'Roaring Kitty,' acquired a 6.6% stake in Chewy, making him the 3rd largest shareholder. Gill's Chewy stake is valued at over $245 million based on Friday's stock price. News of Gill's investment caused Chewy shares to rally over 20% in pre-market trading on Monday. Gill is known for his investments in GameStop, which he continues to be bullish. GameStop CEO Ryan Cohen was the founder and CEO of Chewy. He joined GameStop's board in January 2021 and partly fueled the initial GameStop rally.
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