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Chewy Stock Drops. Why an Investment by ‘Roaring Kitty’ Could Be Bad News.

Adam Clark
·2-min read
Chewy Stock Drops. Why an Investment by ‘Roaring Kitty’ Could Be Bad News.

Chewy shares were falling Monday after investor Keith Gill, better known as Roaring Kitty, disclosed a 6.6% stake in the pet-supplies retailer founded by GameStop CEO Ryan Cohen. It had climbed as much as 18% in the premarket session after Gill disclosed in a Monday filing that he owned nine million shares of the company. Gill is known for helping to spark the frenzy back in 2021 with bullish posts under the handle Roaring Kitty about the videogame retailer GameStop Cohen, Chewy’s founder, is also known for his roles as GameStop’s CEO and an investor in Bed Bath & Beyond.

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