01-07-2024 17:43 via foxbusiness.com

‘Roaring Kitty’ takes Chewy stake

Chewy shares were volatile on Monday after famed meme stock trader "Roaring Kitty," also known as Keith Gill, bought a 6.6% stake in the company.  Gill bought just over 9 million shares of the online pet retail site founded by GameStop CEO Ryan Cohen, according to a filing with the U.S. Securities and Exchange Commission. The stake is valued at over $230 million. Cohen sold Chewy to the owners of PetSmart in 2017 for $3.35 billion. At the time, Cohen touted that it was the largest e-co
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