Meme trader Keith Gill, known online as Roaring Kitty, has a major new holding: Chewy Stock. Shares of the pet supply delivery company rallied early Monday after a Securities and Exchange Commission filing revealed Gill’s stake. Other meme stocks fell early Monday.
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A SEC filing dated June 24 shows that Gill owns 9,001,000 shares of Chewing (BLOW), representing a 6.6% stake in the company. The holdings are worth $245.18 million based on Friday’s closing price of 27.24.
The stake makes Gill Chewy the third-largest shareholder, behind investment firms Baillie Gifford and Vanguard, according to FactSet data.
GameStop Shares Fall Following Surprising Q1 Results, Despite Roaring Kitty Event
Gill gave a hint about his last participation on June 27, when he posted a photo on X of a cartoon dog. Chewy shares soared as much as 34% on Thursday on the report before closing lower. CHWY shares fell 6.2% on Friday.
In the meantime, Petco (FRAME) The stock jumped 13.2% Friday on heavy volume as some Roaring Kitty followers may have misinterpreted the release.
Soft broth
Chewy shares pared gains to 12% before the market opened Monday after soaring more than 20% following Gill’s SEC filing. CHWY shares are up 15.3% this year through Friday’s close.
The stocks, near their lowest levels after three and a half years of decline, are not on the radar of growth stock investors.
However, other meme stocks generally declined on Monday.
GameStop (GME), Gill’s favorite meme stock, fell more than 7% on Monday. AMC Entertainment (AMC) fell 2.2% before the close.
Blackberry (BB) has plunged by a fraction.
You can follow Harrison Miller for more stock news and updates on Twitter @IBD_Harrison
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