Chewy and Petco Stocks Surge Briefly After Roaring Kitty's Dog Tweet
Keith Gill's cryptic social media post triggers significant but short-lived gains in pet-focused stocks.
- Chewy's stock jumped 36% before closing nearly flat after Keith Gill's tweet featuring a cartoon dog.
- Petco and PetMed Express saw similar brief spikes in their share prices following the post.
- Gill, known for his role in the GameStop meme stock craze, recently returned to social media, fueling market volatility.
- The tweet came a day after Chewy announced a $500 million share repurchase plan.
- Gill's influence remains strong among retail investors, highlighting the impact of social media on stock trading.