Meme trader Keith Gill, known online as Roaring Kitty, has a new major holding – Chewy stock. Shares of the pet products delivery company rallied early Monday after a Securities and Exchange Commission filing revealed Gill’s stake. Other meme stocks fell early Monday.
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An SEC filing dated June 24 shows that Gill owns 9,001,000 shares of Chewy (CHWY) stock, representing a 6.6% stake in the company. The holdings are worth $245.18 million based on Friday’s closing price of 27.24.
The holding makes Gill Chewy’s third-largest shareholder, trailing only investment firms Baillie Gifford and Vanguard, according to FactSet data.
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Gill provided a hint into his latest holding on June 27, when he posted a photo on X of a cartoon dog. Chewy stock soared as much as 34% last Thursday on the post before closing down a fraction. CHWY stock retreated 6.2% on Friday.
Meanwhile, Petco (WOOF) stock leapt 13.2% Friday in strong volume, as some Roaring Kitty followers may have misinterpreted the post.
Chewy Stock
Chewy stock jumped 5.7% early Monday after soaring more than 20% premarket on Gill’s SEC filing. CHWY stock rallied 15.3% this year through Friday’s close.
Shares, near lows in a three and a half year decline, are not on the radar for growth stock investors.
Other meme stocks, however, generally retreated Monday.
GameStop (GME), Gill’s favorite meme stock, carved more than 7% lower Monday. AMC Entertainment (AMC) slid 2% after the opening bell.
BlackBerry (BB) dipped a fraction.
You can follow Harrison Miller for more stock news and updates on Twitter @IBD_Harrison
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