Keith Gill, the stock influencer known as Roaring Kitty, has liquidated his entire stake in pet supplies retailer Chewy, according to a filing with the Securities and Exchange Commission on Tuesday.
Chewy stock fell nearly 2% in extended trading.
Known for his cryptic posts, Gill uses platforms such as YouTube and Reddit to publish his trading positions.
In July, days after Mr. Gill posted a picture of his dog on his
Keith Gill, known for his cryptic posts, uses platforms such as YouTube and Reddit to publish his trading positions.
Gill did not immediately respond to a Reuters request for comment.
The Chewy stock is Gill’s first investment outside of video game retailer GameStop.
Mr. Gill’s investment is relevant. Billionaire founder Ryan Cohen, who sold Chewy in 2017, is now CEO of GameStop. Gill has praised Cohen in past social media posts.
Gill, a former office worker who rose to fame with his cat memes and frenetic YouTube streams, often wearing a bright red pirate bandana, amassed thousands of copycat bets on GameStop and bet on its stock. bankrupted a hedge fund.
In July, announced the acquisition of a 6.6% stake in Chewy, an electronic retailer that sells pet food and medicines AP
Mr. Gill’s investment had raised concerns among Chewy’s top brass that its asset management shareholders could be put off by stock price volatility fueled by Mr. Gill’s army of private investors. , a person familiar with the company’s thinking told Reuters in July. revealed his own share.
Roaring Kitty sent GameStop stock soaring in 2021 with a series of social media posts that sent retail money flowing into the company. He gained notoriety and a cult following among some investors.
