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Pet food leader Chewy (CHWY.US) confirmed as the new favorite of "roaring kittens", soaring 29% before the market opened!
According to the Smart Finance app, online pet food and pet-related product retailer Chewy Inc (CHWY.US) saw its stock price skyrocket about 29% in pre-market trading on Monday. Keith Gill, aka "Roaring Kitty", who was known as the leader of the "Robinhood trader" movement, revealed he holds about 6.6% of passive shares in the pet food retailer. At the time of writing, the stock has narrowed its gains to 11%. According to the stock holding information disclosed on the website of the U.S. Securities and Exchange Commission, Gill owns around 9 million A-class shares, which are worth about $245 million at Friday's closing price.