Reported about 1 year ago
Chewy Inc. and Petco Health and Wellness Co. experienced a surge in their stock prices after Keith Gill, also known as ‘Roaring Kitty’, posted an image of a dog on X. Chewy's shares rose by as much as 34% intraday, while Petco saw a jump of up to 12%, both triggering volatility halts. However, the rallies were short-lived, with Chewy closing down 0.3% and Petco gaining 0.3%. Gill, known for his involvement with GameStop Corp., reappeared on social media, sparking interest in meme stocks like GameStop and AMC Entertainment Holdings.
Source: YAHOO