Chewy Shares Erupt After 'Roaring Kitty' Posts Dog Cartoon On X [zero hedge]
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Chewy, Inc. Class A (CHWY)
Last chewy, inc. class a earnings: 12/9 04:15 pm
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Source: zero hedge
Chewy Shares Erupt After 'Roaring Kitty' Posts Dog Cartoon On X Shares of the heavily shorted online retailer Chewy, Inc. soared as much as 34%, reaching levels not seen since July 2023. The eruption in the stock triggered at least one trading volatility halt. The explosive move appears to have come from 'meme' stock trader Keith Gill, known as Roaring Kitty. Gill ignited the frenzy on social media after posting a cartoon image of a dog on X at 1300 ET. pic.twitter.com/jQBMX4jwjR — Roaring Kitty (@TheRoaringKitty) June 27, 2024 At the same time, Chewy shares erupted, halted, and then erupted some more, surging as high as 34% to the $39 handle. And, by the way, have since dumped. Gill's reason for targeting Chewy remains unknown and deviates from his GameStop stock pumping over the years. However, the thesis could be similar to GameStop's, which targets bearish hedge funds. Let's not forget that GameStop CEO Ryan Cohen founded Chewy some years ago. Here's what X users are saying: ?? —
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News
- Roaring Kitty reveals stake in Chewy big enough to make him 3rd largest investor in the pet retailer [Yahoo! Finance]Yahoo! Finance
- Chewy Shares Surge After Keith Gill Discloses $245 Million Stake [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chewy Shares Surge After Keith Gill Discloses $245 Million Stake [Yahoo! Finance]Yahoo! Finance
- Chewy, Inc. (NYSE: CHWY) had its price target raised by analysts at Guggenheim from $25.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
- Chewy, Inc. (NYSE: CHWY) had its price target raised by analysts at Wedbush from $28.00 to $35.00. They now have an "outperform" rating on the stock.MarketBeat
CHWY
Earnings
- 5/29/24 - Beat
CHWY
Sec Filings
- 7/1/24 - Form SC
- 6/28/24 - Form 4
- 6/27/24 - Form 144
- CHWY's page on the SEC website