Investor Keith Gill, known on social media as "Roaring Kitty," is facing a securities fraud class action lawsuit related to his alleged artificial inflation of GameStop (GME) stock. Yahoo Finance Reporter Josh Schafer joins Morning Brief to break down the lawsuit and what it will mean for Gill moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief This post was written by Nicholas Jacobino
Chewy stock popped on Monday after popular investor Keith Gill revealed a stake in Chewy.
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.