Chewy shares surge 20% as 'Roaring Kitty' Keith Gill reveals 6.6% stake

👉 Key Highlights:
📍 Chewy shares rise 20% premarket after SEC filing reveals Keith Gill's 6.6% stake.
📍 Keith Gill, aka "Roaring Kitty," buys over 9 million Chewy shares.
📍 Gill becomes the third-largest Chewy shareholder with a stake valued over $245 million.
📍 SEC filing humorously includes: "Check the appropriate box to designate whether you are a cat."
📍 Gill's social media post featuring a cartoon dog resembling Chewy's logo spiked shares by 34% last week.
📍 GameStop shares fall 6.5% in premarket trading following Chewy news.
📍 Gill has a significant history with GameStop, influencing its stock movements in recent months.
📍 GameStop CEO Ryan Cohen, founder of Chewy, has strong ties to both companies.

👉 Context/Background:
Chewy, an e-commerce giant in pet food and products, saw its shares surge after Keith Gill, known for his role in the GameStop trading frenzy, disclosed a substantial stake in the company. Gill's influence in the stock market has been notable since the 2021 GameStop incident.