Wednesday, October 30, 2024

Roaring Kitty dissolves stake in Chewy, filing shows

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(Reuters) – Keith Gill, the stock influencer known as Roaring Kitty, has dissolved his entire stake in pet products retailer Chewy, a filing with the U.S. SEC showed on Tuesday.

Chewy’s shares fell nearly 2% in extended trading.

Known for his cryptic posts, Gill uses platforms like YouTube and Reddit to disclose his trading positions.

In July, the stock influencer unveiled a 6.6% stake in Chewy, an e-retailer selling pet food and medicine, days after Gill posted a picture of a dog on his X account.

Gill did not immediately respond to a Reuters request for comment.

The Chewy stake is Gill’s first known investment beyond videogame retailer GameStop.

(Reporting by Akash Sriram, Sriparna Roy and Zaheer Kachwala in Bengaluru in Bengaluru; Editing by Alan Barona)

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