Chewy shares stage short-lived rally as filing reveals ‘Roaring Kitty’ takes stake

Meme-stock influencer Keith Gill disclosed a 6.6% share in the pet food and medicine e-retailer

Shares of Chewy rose 15% premarket on Monday, before reversing sharply, after a filing showed Keith Gill, the stock influencer known as Roaring Kitty", had picked up a 6.6% stake in the pet products e-retailer.

The turbulent rally comes days after the investor, known for triggering the meme-stock rally of 2021, posted an uncaptioned picture of a puppy on the social media platform X that briefly sent Chewy shares to a near one-year high on Thursday.