Roaring Kitty post of a dog sparks brief rally in shares of Chewy and Petco [Business Insider]
Petco Health and Wellness Company, Inc. - Class A (WOOF)
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Source: Business Insider
Both stocks had pared the gains as the market headed to the closing bell. Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Chewy and Petco Health and Wellness Company shares enjoyed a fleeting rally on Thursday after Keith Gill, the meme trader known by his online moniker "Roaring Kitty," posted a picture of a dog on his X account. — Roaring Kitty (@TheRoaringKitty) June 27, 2024 The petcare stocks spiked around 1:00 p.m. as Gill posted the image. Chewy was up as much as 28% to trade at $35.75 a share before paring the gain, while Petco briefly surged 13% to trade at $3.66 a share. Gill revived interest in GME overnight earlier this year after he posted a picture of a man leaning forward in a seat holding a video game controller, which sent GameStop shares soaring 74%. Shares soared again when the famous retail trader posted screenshots on his Reddit account, which revealed he owned 5 million sha
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