Keith Gill, widely known as 'Roaring Kitty,' has sold his entire 6.6% stake in Chewy, Inc., according to a Securities and Exchange Commission filing made public on October 29, 2024. This significant divestment follows his initial acquisition of the stake, which was first revealed in July filings.
Gill's involvement had previously drawn considerable attention to the online pet supply retailer, partly fueled by his cryptic social media posts, including a picture of a dog on his X account. His exit from Chewy marks a notable development for investors tracking the impact of influential retail traders.
The sale of such a substantial holding by a prominent figure in the retail trading community could lead to shifts in market perception and trading dynamics for Chewy's stock.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.