Chewy’s shares surged during premarket trading on Monday, following the disclosure in a Securities and Exchange Commission filing that the pet food e-commerce retailer was acquired by meme stock trader “Roaring Kitty.”
Keith Gill, also known as Roaring Kitty, purchased little more than 9 million shares, or 6.6% of the corporation.
That places him as the third-largest stakeholder in Chewy. At Friday’s close, the value of that holding exceeded $245 million.
Prior to the bell, the stock had increased by over 20%. There was another portion in the SEC filing that said,
“Check the appropriate box to designate whether you are a cat.” A comment that said, “I am not a cat,” had a “x” next to it.
Source (CNBC)
