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.























