Roaring Kitty Sells Entire Stake in Chewy, Shares Drop 2%

Keith Gill, known for his role in the GameStop saga, exits Chewy investment, impacting stock price.

Chewy shares fell nearly 2% after Keith Gill, also known as Roaring Kitty, sold his entire 6.6% stake in the company.
Gill's decision was revealed through a recent SEC filing, showing he had no remaining shares in Chewy as of September 30.
Chewy's stock price dropped to $26.19 per share in after-hours trading following the news of Gill's exit.
Gill, a prominent figure in the 2021 meme stock phenomenon, had previously invested in Chewy in July, sparking interest among retail investors.
His withdrawal from Chewy marks the end of his only known investment outside of GameStop, where he gained fame for influencing a historic short squeeze.