Keith Gill filed disclosure forms with the Securities and Exchange Commission on Monday showing that he had amassed 9,001,000 shares of Chewy.
who commands an online following of more than 1.6 million users on X, filed disclosure forms with the Securities and Exchange Commission on Monday showing that he had amassed 9,001,000 Chewy shares, a 6.6% stake, worth around $245 million.Chewy’s shares had leapt to a near one-year high after Gill post last Thursday, before giving up those gains.
Gill, a former financial analyst with MassMutual, was named in a class action lawsuit filed in Brooklyn federal court last week accusing him of securities fraud in which he allegedlyThe SEC filing, which lists Keith Gill as the reporting person, included a section “Check the appropriate box to designate whether you are a cat” under which the descriptor “I am not a cat” was checked.
Analysts said last week Gill’s interest in Chewy could also be influenced by the fact that the pet retailer was founded by GameStop’s CEO Ryan Cohen.Gill was named in a class action lawsuit accusing him of securities fraud in connection with his holdings in GameStop.Gill returned to Reddit on June 2 after a years-long hiatus, with a screenshot disclosing a sizeable GameStop stock and options position.
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