(Reuters) – Keith Gill, the stock influencer known as “Roaring Kitty”, on Monday disclosed a 6.6% stake in Chewy, sending shares of the pet products retailer 16% higher in premarket trading.
The stake disclosure, in a filing with the U.S. Securities and Exchange Commission, comes just days after Gill posted a cryptic picture of a dog on his social media profile.
The post on Thursday sent Chewy’s shares soaring to a near one-year high in intraday trading.
Gill, who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.
Bullish calls by Gill on GameStop were a reason for the 2021 meme stocks frenzy.
(Reporting by Manas Mishra in Bengaluru; Editing by Shilpi Majumdar)
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