Roaring Kitty has dissolved his holdings in Chewy, but meme stocks are alive and well ...Middle East

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NEW YORK (AP) — A pivotal actor in the meme stock craze that began during the pandemic continues to hold a powerful sway over the movement of shares in major U.S. corporations. Nearly four months after revealing a massive stake in the online pet supply retailer Chewy, Keith Gill, aka Roaring Kitty, has dissolved his entire holdings in the company. Shares slumped overnight and traded down 1% on Wednesday. Filings with the U.S. Securities and Exchange Commission in July revealed that Gill had acquired 6.6% of the company’s shares after hinting at investments using pictures of dogs on the social media platform X. Gill became widely known 2021, when he rallied retail investors around GameSto

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Last updated : 30 October 2024 clock 09:37 PM

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Roaring Kitty has dissolved his holdings in Chewy, but meme stocks are alive and well ...Middle East

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