Meme Stock Hero ‘Roaring Kitty’ Dumps His Chewy Stake

Key Takeaways

• Meme stock hero “Roaring Kitty” has sold his entire stake in pet supplies retailer Chewy.
• The investor, whose real name is Keith Gill, shook up the market in the summer when he posted a comic picture of a dog on his X account, followed by news he bought 9 million shares of Chewy.
• The news led Chewy shares to bounce around in Wednesday morning trading.

“Roaring Kitty” is roiling the markets once again, this time sending shares of Chewy (CHWY) yo-yoing.

A regulatory filing showed the meme stock hero, whose real name is Keith Gill, has sold off his entire stake in the pet supplies retailer.

Gill caused a spike in Chewy’s stock price, along with that of rival Petco Health and Wellness (WOOF), in June when he posted a comic picture of a dog on his X site. They rose again in July when it was revealed Gill held a 6.6% position in Chewy, owning 9 million shares worth about $245 million at the time. 

Gill did not explain in the filing or on his X account the reason for his selloff.

Chewy shares have moved up and down Wednesday morning, recently trading slightly lower. Overall, they’re up about 12% year-to-date.