Reported about 1 year ago
Keith Gill, also known as Roaring Kitty, recently disclosed a 6.6% stake in Chewy worth approximately $217 million. The volatility of the stock, driven by Gill's influence and social media following, presents an opportunity for interested investors to potentially enter at a similar price following previous price movements. Chewy, the leading online retailer for pet products, holds a strong position in the market due to its efficient operations and investments in advertising and healthcare, including expanding its veterinary care services. Moreover, the company has a loyal customer base with features like autoship and a new membership program, Chewy Plus, driving customer retention. With a favorable valuation and strong growth prospects in revenue and margins, Chewy stock appears to be a promising investment, although potential investors should be mindful of the volatility influenced by Gill's involvement.
Source: YAHOO