Chewy is the biggest online retailer of pet products. Pets are common in U.S. households, and the amount people spend on them is growing rapidly. The American Pet Products Association forecasts that Americans will spend over $150 billion on their pets this year, up from $90 billion in 2018.

Keith Gill is back, buying more stock in GameStop and building a stake in Chewy. But not everyone seems happy to see the share price influencer and disruptor return.

The meme-stock investor bought more than 9 million shares of the online pet supply company, causing its stock to surge.

The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company.

Chewy Inc. shares erased gains after initially spiking as much as 10% on Monday as Keith Gill — known online as “Roaring Kitty” — disclosed a 6.6% passive stake in the online pet food and product retailer.

GameStop investor Keith Gill, also known as Roaring Kitty, was a pivotal figure in the 2021 meme-stock frenzy.

Stock influencer Keith Gill, known as "Roaring Kitty," unveiled a 6.6% stake in Chewy on Monday, a surprise move that alarmed executives at the U.S. pet products company. The Chewy stake is Gill's first known investment beyond GameStop.

Shares of online pet products retailer Chewy went on a wild ride Monday after Keith Gill, the influential meme stock trader also known as ”Roaring Kitty,” revealed a large stake in the company.