July 1 Reuters Shares of Chewy rose 15 premarket on Monday after a filing showed Keith Gill, the stock influencer known as Roaring Kitty, had picked up a 6.6 stake in the pet products eretailer.
The filing with the U.S. Securities and Exchange Commission comes days after the investor, known for triggering the memestock rally of 2021, posted an uncaptioned picture of a puppy on social media platform X that briefly sent Chewy shares to a near oneyear high on Thursday.
The filing, which lists Keith Gill as the reporting person, included a section Check the appropriate box to designate whether you are a cat under which the descriptor I am not a cat was checked.
The U.S. SEC, Chewy and Gill did not immediately respond to requests for comment.
Gill usually discloses his trading positions on platforms such as YouTube and Reddit, where he is known as DeepFuckingValue, to the many retail traders who follow his cues.
The filing showed Gill owns 9 million shares of Chewy, equating to a stake worth about 245 million at the stock39;s Friday closing price of 27.24. The stake would make Gill Chewy39;s thirdlargest shareholder, according to LSEG data.
Chewy rival Petco Health and Wellness Company39;s shares fell 4, reversing earlier gains.
Shares of Chewy, which sells pet food as well as medicine online, have risen 15 so far in 2024 but declined in the three preceding years as spending on pets slowed after a postpandemic boom.
Its sales have been stable in the past few quarters…