Gill's Chewy Investment Concerns
This is a news story, published by New York Post, that relates primarily to Gill news.
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•Meme stock influencer ‘Roaring Kitty’ dumps entire stake in Chewy, sending shares lower
70% Informative
Gill ’s investment had raised concerns among Chewy ’s top brass about asset managers, who are shareholders, potentially being put off by the ensuing volatility in the stock fueled by Gill ’s army of individual investors, a person familiar with the company’s thinking told Reuters in July , when Gill disclosed his stake. Roaring Kitty sent GameStop shares soaring in 2021 with a series of social media posts that drew a flood of retail money into the company. He won notoriety and a cult-like following among some investors..
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