Roaring Kitty posts cryptic dog image, and shares of Chewy, GameStop react

By James Rogers

Influential trader Keith Gill, also known as Roaring Kitty, makes his first post on X since June 17

In his latest social-media post, influential trader Keith Gill, also known as Roaring Kitty, on Thursday posted an image of a dog, marking the latest in a series of cryptic posts on X.

The post, which has racked up 2.5 million views, was Gill's first on X since June 17, when he posted an image from the Walt Disney Co. (DIS) animated movie "Encanto."

Gill's return to social media last month sent shares of original meme stock GameStop Corp. (GME) soaring. The stock surged again after a June 2 Reddit post from an account associated with Gill appeared to show him holding a big stake in the videogame retailer.

Related: GameStop's trading volume slips to lowest level since early May

As with his other posts on the platform, Gill's latest post on X is prompting plenty of chatter about its meaning. This has included speculation that the post could be a reference to Chewy Inc. (CHWY), an online retailer of pet products.

"He's back!" Stocktwits, a social platform for investors and traders, posted on X.

GameStop Chief Executive Ryan Cohen is the former CEO and co-founder of Chewy. Shares of the pet-products company briefly surged Thursday, before ending the session down 0.3%. The stock's trading volume was 63.79 million, well above its 65-day average volume of 11.27 million.

Related: Why Roaring Kitty is a GameStop 'true believer'

GameStop's stock also rose, ending the session up 3.7%. Trading volume was 34.64 million, below its 65-day average of 47.78 million. Fellow meme-stock darling AMC Entertainment Holdings Inc. (AMC) ended the session up 2.1%, outpacing the S&P 500 index's SPX gain of 0.1%.

Shares of Petco Health & Wellness Co. (WOOF) also climbed Thursday before ending the session up 0.3%. The stock was up 5.4% in extended trading.

-James Rogers

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06-27-24 1724ET

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