Chewy Surges After Keith Gill Discloses $245 Million Stake – Bloomberg

Chewy Inc. shares spiked as much as 29% in premarket trading Monday after Keith Gill — known online as “Roaring Kitty” — disclosed a 6.6% passive stake in the online pet food and product retailer.

The disclosure with the US Securities and Exchange Commission shows Gill owns roughly 9 million Class A shares, worth about $245 million based on Friday’s closing price. Shares of Chewy and Petco Health and Wellness Co. briefly soared last week after Gill posted a cartoon image of a dog on X.

Source: Chewy Surges After Keith Gill Discloses $245 Million Stake – Bloomberg