On Thursday, Chewy and Petco Health and Wellness Company experienced an increase in their stock prices after a post by Keith Gill, also known as “Roaring Kitty,” on his X account. The meme trader posted a picture of a dog, causing Chewy shares to surge up to 28% and Petco shares to increase by 13%. However, these gains were short-lived as the market closed.
Keith Gill has gained notoriety for his influence on the stock market, particularly with meme stocks like GameStop. His online presence and posts have caused significant fluctuations in stock prices, and his recent post involving a picture of a dog led to a similar reaction in the petcare industry.
Gill’s initial posts about GameStop earlier this year resulted in a significant increase in its stock price. He continued to influence its movement as he shared his holdings and increased his stake in the company. While GameStop shares have faced some volatility recently, they saw a 3% increase on Thursday amid broader market movements and Gill’s influence.
Overall, Keith Gill’s online presence continues to have an impact on the stock market, with his recent post involving a picture of a dog leading to notable gains for Chewy and Petco shares albeit briefly.
