Keith Gill’s Post Causes Brief Rally in Petcare Company Stocks

On Thursday, petcare company stocks experienced a surge in value following a post by Keith Gill, also known as “Roaring Kitty,” on his X account. Chewy shares increased by as much as 28%, while Petco saw a spike of up to 13%. However, both stocks began to decrease as the market approached the closing time.

This brief rally occurred around 1:00 p.m. when Gill posted a picture of a dog on his social media account. Chewy traded at $35.75 per share at its peak before retracting the gain, and Petco briefly reached $3.66 per share before decreasing.

Keith Gill is known for his influence on the market, particularly with GameStop shares, which surged 74% after he shared a picture related to the company earlier this year. His subsequent posts revealed his ownership of 5 million shares, which he then increased to 9 million shares. Despite a recent decline in GameStop shares, there was a 3% increase on Thursday due to his impact on the market.