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Benzinga
  • 2 years ago
SEC filing showed that Keith Gill, aka 'Roaring Kitty,' acquired a 6.6% stake in Chewy, making him the 3rd largest shareholder. Gill's Chewy stake is valued at over $245 million based on Friday's stock price. News of Gill's investment caused Chewy shares to rally over 20% in pre-market trading on Monday. Gill is known for his investments in GameStop, which he continues to be bullish. GameStop CEO Ryan Cohen was the founder and CEO of Chewy. He joined GameStop's board in January 2021 and partly fueled the initial GameStop rally.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02SEC filings showed that Keith Gill, aka Roaring Kitty, acquired a 6.6% stake in Chewy, making
00:08him the third largest shareholder.
00:10Gill's Chewy stake is valued at over $245 million based on Friday's stock price.
00:16News of Gill's investment caused Chewy's shares to rally over 20% in pre-market trading
00:20on Monday.
00:21Gill is known for his investments in GameStop, about which he continues to be bullish.
00:26GameStop CEO Ryan Cohen was the founder and CEO of Chewy.
00:30He joined GameStop's board in January 2021 and partly fueled the initial GameStop rally.
00:35For all things money, visit Benzinga.com.
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