The Roaring Kitty Strikes Again: Chewy and Petco Surge in Value Following Social Media Post

On Thursday, Chewy and Petco stocks experienced a surge, with Chewy’s stocks rising as much as 28% and Petco’s briefly surging 13%. The gains in both stocks were due to a social media post by meme trader Keith Gill, also known as “Roaring Kitty,” who posted a photo of a dog on his X account. As the market approached closing, the gains in both stocks were partially pared down.

Keith Gill’s influence on stock prices has been seen before when he posted about GameStop, leading to a 74% surge in shares. Since then, he has increased his stake in GameStop to 9 million shares, making him one of the top shareholders. Despite recent fluctuations in GameStop shares, which have dropped 47% since early June, they saw a 3% increase on Thursday. Gill’s social media activity continues to have an impact on stock prices, with investors closely following his posts for potential investment opportunities.