Particle.news

Download on the App Store

Keith Gill's Major Chewy Investment Stirs Market Volatility

The influencer behind the GameStop surge discloses a significant stake in Chewy, raising concerns among executives and investors.

  • Keith Gill, known as 'Roaring Kitty,' revealed a 6.6% stake in Chewy, worth approximately $245 million.
  • Chewy's stock experienced significant volatility, initially rising before falling 6.5% after the disclosure.
  • Gill's investment strategy is linked to his admiration for Ryan Cohen, Chewy's co-founder and GameStop's CEO.
  • Chewy's executives worry about potential instability due to Gill's influence on retail investors.
  • Gill faces a lawsuit alleging securities fraud related to his social media posts about GameStop.
Hero image