Chewy Inc Stock News

NEW YORK , Nov. 1, 2024 /PRNewswire/ -- Chewy Inc. (NYSE: CHWY) will replace Stericycle Inc. (NASD: SRCL) in the S&P MidCap 400 effective prior to the opening of trading on Wednesday, November 6. S&P 500 constituent Waste Management Inc. (NYSE: WM) is acquiring Stericycle in a deal expected to be completed soon, pending final closing conditions.

Meme stock trader and influencer Keith Gill, known as "Roaring Kitty," has sold his entire stake in pet product e-commerce company Chewy, according to an SEC filing.

Chewy shares slipped after it was revealed famed meme stock trader Keith Gill, known by his online username Roaring Kitty, has sold off his entire stake in the pet supplies company. Gill, best known for driving the GameStop short squeeze in January 2021, disclosed a 6.6% stake in Chewy in July, owning 9 million shares worth about $245 million at the time.

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

The pet products retailer's stock was down after a filing showed that trader Keith Gill had disposed of his holdings in the company.

Influential trader Keith Gill, also known as Roaring Kitty, has sold his stake in Chewy, the online retailer of pet products.

Influential investor Keith Gill, known as “Roaring Kitty,” reported an exit from his Chewy stake in a securities filing.

The stock market can trap investors who get either too long or too short on a specific company or trend. Whenever this happens, the market has a way of correcting these imbalances through sharp rotations.