Keith Gill, known online as “Roaring Kitty,” has disclosed a 6.6% stake in Chewy, an online pet products retailer. This revelation was made in a Securities and Exchange Commission (SEC) filing. Gill purchased approximately 9 million shares of Chewy, which was valued at about $261 million based on the share price at the time of the filing. This purchase makes him the third-largest shareholder in the company.
The filing also included a humorous reference to Gill’s testimony to Congress in 2021, where he famously stated, “I am not a cat.” This was in response to a question in the filing that asked the reporting person to “designate whether you are a cat.” Gill checked the box, stating, “I am not a cat.”
This disclosure had an immediate impact on Chewy’s stock price, causing it to jump more than 20% before the opening bell on the day the news broke. However, the stock’s price fluctuated throughout the day, eventually ending the day lower.
It’s worth noting that Gill is a prominent figure in the “meme stock” movement, which gained notoriety in 2021 for its role in driving up the stock prices of companies like GameStop and AMC Entertainment. His involvement in Chewy is likely to continue to attract attention from investors and market watchers alike.
