Roaring Kitty Exits Chewy Position, Shares Decline

Keith Gill, known as Roaring Kitty on social media platforms, has reportedly liquidated his position in Chewy Inc. (NYSE:CHWY), according to a recent filing with the U.S. Securities and Exchange Commission (SEC) made public on Tuesday. Following the news, Chewy's shares fell approximately 2% in after-hours trading.

The online pet products retailer, specializing in pet food and medications, had become a significant part of Gill's portfolio after he disclosed his 6.6% stake in the company in July. This investment was made public shortly after Gill shared a dog photo on his social media account.

Gill is recognized for his role in the GameStop (NYSE:GME) trading frenzy and is known for his enigmatic social media presence where he frequently shares his investment activities. Chewy was Gill's first major investment outside of his GameStop holdings.

At the time this news was published, Gill had not commented on the liquidation of his stake in Chewy.