Exclusive: Learn Insider Details About Meme Trader Keith Gill’s New Investment Move in Chewy
Recently, popular meme trader Keith Gill, known for his involvement in the GameStop trading frenzy, made a significant investment move by disclosing that he now owns a 6.6% stake in Chewy. This new investment was revealed in a recent filing with the United States Securities and Exchange Commission (SEC). Here are some exclusive details about Gill’s latest investment move and its impact on the market.
Keith Gill’s Stake in Chewy Revealed in SEC Filing
In a recent SEC Schedule 13G filing dated June 24, it was disclosed that individual investor Keith Gill now holds 9,001,000 shares of Chewy’s Class A common stock. This stake amounts to approximately $245.18 million based on Friday’s closing price of $27.24, making Gill Chewy’s third-largest shareholder.
- Gill reveals a 6.6% stake in Chewy through an SEC filing
- The stake consists of 9,001,000 shares of Chewy’s Class A common stock
- With Friday’s closing price, the stake is valued at $245.18 million
Chewy Shares Surge After Gill’s Investment Revelation
Following the filing that disclosed Keith Gill’s significant stake in Chewy, the company’s shares experienced a surge in premarket trading on Monday. At one point, the stock price rose by more than 20%, and currently, Chewy’s shares are up by over 11% in premarket trading according to data from MarketWatch.
- Chewy’s shares experience a surge in premarket trading after Gill’s filing
- The stock price rose by more than 20% at one point
- Currently, Chewy’s shares are up by over 11% in premarket trading
Gill Faces Class-Action Lawsuit Amid Investment Activities
On a different front, Keith Gill is currently facing a class-action lawsuit related to his social media activities and investment disclosures. The lawsuit, filed on June 28 in the U.S. District Court for the Eastern District of New York, accuses Gill of participating in a “pump and dump” scheme.
- Gill is involved in a class-action lawsuit related to his social media posts
- The lawsuit accuses him of engaging in a “pump and dump” scheme
- The lawsuit was filed in the U.S. District Court for the Eastern District of New York
Speculations Surrounding Gill’s Future Investment Moves
There is heightened speculation about Keith Gill’s future investment moves and online activities following his recent disclosure of a massive stake in Chewy. Gill, also known as “Roaring Kitty,” was a significant figure in the GameStop short squeeze of 2021, where he advocated for the gaming retailer’s undervalued stock.
- Speculation arises about Gill’s future investment moves
- Gill, also known as “Roaring Kitty,” was a central figure in the GameStop short squeeze
- His advocacy for GameStop’s undervalued stock led to a surge in retail investor interest
Hot Take: Stay Tuned for Exciting Updates on Keith Gill’s Investment Journey
As the saga of meme trader Keith Gill’s investment journey continues to unfold, stay tuned for more exciting updates on his latest investment moves and market activities. Whether it’s his stake in Chewy or potential future investments, Gill’s story is one to watch in the ever-evolving landscape of online investing and meme stock trading.
Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension. Guiding both seasoned navigators and curious newcomers, Wyatt’s insights serve as a compass for astute decision-making amidst the ever-shifting currents of cryptocurrencies. With the artistry of a linguistic craftsman, they skillfully craft narratives that enrich the evolving tableau of the crypto landscape.
