Peak ‘Roaring Kitty’? Dog-Tweet Rally Shows His Power and Limits

The latest social-media frivolity this week from the man known as Roaring Kitty sent traders frantically reading into a cartoon featuring, of all things, a dog.

Was Keith Gill getting into WOOF? (Petco Health & Wellness Co.) Perhaps PET? (Wag! Group Co.) Or, quite possibly, the company that was co-founded by Ryan Cohen, GameStop Corp.’s current chief executive, CHWY? (Chewy Inc.)

His legions of retail traders — tracking @TheRoaringKitty on X and u/DeepF——ingValue on Reddit — didn’t wait to find out. Each stock jumped by at least 12% after the dog post, triggering trading halts that in pre-meme years were usually reserved for merger news or management changes.

Source: Peak ‘Roaring Kitty’? Dog-Tweet Rally Shows His Power and Limits