The post Roaring Kitty Acquires 9M CHWY Shares, CHWY Sees 22% Surge appeared first on Coinpedia Fintech News
Roaring Kitty has acquired a massive 6.6% stake in Chewy Inc., a prominent pet products retailer listed on NYSE as it acquired a whopping 9.01 million CHWY shares. This caused a notable 22% surge in Chewy’s shares during premarket trading. This acquisition worth over $245 million places Roaring Kitty as one of the largest shareholders in the company. This development follows after Keith Gill posted a mysterious image of a dog on his social media profile, hinting at his future investment strategy. While Chewy’s shares soared, GME stock faced a 5% decline in pre-market trading on Monday.