Chewy Stock Drops. Why An Investment By ‘Roaring Kitty’ Could Be Bad News.

Chewy shares were falling Monday after investor Keith Gill, better known as Roaring Kitty, disclosed a 6.6% stake Sponsored 3D%3D%3D   July 2, 2024 [Chewy Stock Drops. Why An Investment By ‘Roaring Kitty’ Could Be Bad News.]( Chewy shares were falling Monday after investor Keith Gill, better known as Roaring Kitty, disclosed a 6.6% stake in the pet-supplies retailer founded by GameStop CEO Ryan Cohen. Chewy stock was down 4% at $26.10 in late morning. It had climbed as much as 18% in the premarket session after Gill disclosed in a Monday filing that he owned nine million shares of the company. On Thursday, he posted an image of a dog on his account on the social-media platform X, which led to a brief spike in Chewy shares. [Read More >>]( Sponsored 3D%3D%3D     3D%3D%3D   [1 Stock-Split Stock To Buy Hand Over Fist In The Second Half And 1 To Avoid Like The Plague]( The first half of the year brought the market many stock split announcements across industries, from technology giant Nvidia (NASDAQ: NVDA) to consumer stock Walmart. These companies launched splits to lower their share prices after the shares soared to high levels -- the idea is to make it easier for more people to invest without relying on fractional shares.   These players helped drive the S&P 500 higher in the first half of the year as investors welcomed the stock split news. Stock splits aren't share performance catalysts though, as they're just mechanical movements. So, investors who seize the opportunity to buy generally are making the move for a fundamental reason -- such as confidence in the company's future growth prospects. [Read More >>]( Sponsored 3D%3D%3D   USANewsCenters.com 800 N King Street Suite 304 #1817 Wilmington, DE 19801 You are subscribed to this email as {EMAIL}. Click here to modify your [preferences]( or [unsubscribe](.