Chewy Shares Drop as Major Shareholder 'Roaring Kitty' Exits

Reported 27 days ago

Chewy's stock fell nearly 2% in after-hours trading following the news that its third-largest shareholder, the meme stock trader known as Roaring Kitty (Keith Gill), sold his entire stake amounting to 6.6%. This filing with the SEC revealed that Gill, an influential figure in the meme stock phenomenon, had acquired over 9 million shares back in July. Chewy's shares closed at $26.19 after the announcement.

Source: YAHOO

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