BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Chewy CHWY Stock and Crypto Skyrocket as Roaring Kitty Teases Potential Run

by Sham
June 27, 2024
in CRYPTO, FINANCE
Reading Time: 3 mins read
A A
1
SHARES
24
VIEWS
Share on XShare in TelegramShare on Reddit
  • Roaring Kitty (Keith Gill) tweeted a cartoon image of a dog, which led to a surge in stock prices of pet-related companies like Chewy, PetMed Express, and Petco.
  • Chewy’s stock jumped by 33% in about 15 minutes, PetMed Express rose by over 7%, and Petco’s stock increased by 14% following Roaring Kitty’s tweet.
  • Gill, known for his influence in the GameStop stock frenzy, sparked speculation among traders that he might be hinting at expanding his focus beyond GameStop, given the history of GameStop’s CEO Ryan Cohen as the founder of Chewy.

Decrypt publishes article analyzing the surge in pet stocks after Roaring Kitty tweeted a cartoon dog image. The tweet sparked a wave of buying activity in pet care stocks like Chewy and PetMed Express. The price jumps were short-lived. The article discusses Roaring Kitty’s influence and the impact of social media on meme stock trading.

JUST IN: Chewy $CHWY trading has halted after Roaring Kitty posted this on X pic.twitter.com/n9RZbRK3v0

— BlockNews.com (@blocknewsdotcom) June 27, 2024

Roaring Kitty’s Influence

Roaring Kitty, aka Keith Gill, gained fame during the GameStop frenzy in 2021. His analysis and charismatic online presence have made him an influential figure, especially among retail investors. His latest cryptic tweet featuring just a cartoon dog image prompted a flurry of pet stock buying. This highlights his continuing impact despite a lack of context.

Pet Stock Price Spikes

Chewy stock jumped 33% and PetMed Express rose 7% following the tweet. Petco also saw a 14% increase. The surge shows Roaring Kitty’s power to move stocks just by posting memes. It also demonstrates the influence of social media and meme culture on trading.

Concerns Over Meme Stock Trading

The phenomenon of meme stocks gaining value from social media trends rather than fundamentals has sparked discussion. Veteran NYSE trader Peter Tuchman recently warned about the GameStop craze stoking envy, greed and unhealthy behavior. He criticized Roaring Kitty for inciting emotions among novice investors.

Conclusion

The pet stock gains from a single cartoon dog tweet demonstrate Roaring Kitty’s ongoing impact on the market. It also highlights concerns around meme stocks and social media’s role in driving trading decisions based on hype rather than fundamentals.

Tags: ChewyDecryptKeith GillPetMed ExpressRoaring Kitty
TweetShareShare
Previous Post

Crypto is Likely to Play a Major Part in the Trump Vs Biden Debate

Next Post

The Block Letter – Jun 27

DON'T MISS THESE! HOT OFF THE PRESS

Whale Just Moved $56M in XRP to Coinbase—But Price Went Up?
CRYPTO

Whale Just Moved $56M in XRP to Coinbase—But Price Went Up?

June 30, 2025
Big Money’s Back—Ethereum ETF Inflows Signal a Shift
CRYPTO

Big Money’s Back—Ethereum ETF Inflows Signal a Shift

June 30, 2025
Bitcoin’s Just… Chillin’, but a Bigger Move Might Be Lurking
BITCOIN

Bitcoin’s Just… Chillin’, but a Bigger Move Might Be Lurking

June 30, 2025
Germany’s Largest Banking Group Is (Finally) Letting Retail Clients Trade Crypto
CRYPTO

Germany’s Largest Banking Group Is (Finally) Letting Retail Clients Trade Crypto

June 30, 2025
Robinhood Unveils Tokenized U.S. Stocks for EU Traders, Eyes 24/7 Market Revolution
CRYPTO

Robinhood Unveils Tokenized U.S. Stocks for EU Traders, Eyes 24/7 Market Revolution

June 30, 2025
Aptos Looks Stuck… But Under the Surface, Things Are Heating Up
CRYPTO

Aptos Looks Stuck… But Under the Surface, Things Are Heating Up

June 30, 2025
Load More

Related News

Whale Just Moved $56M in XRP to Coinbase—But Price Went Up?

Whale Just Moved $56M in XRP to Coinbase—But Price Went Up?

June 30, 2025
Big Money’s Back—Ethereum ETF Inflows Signal a Shift

Big Money’s Back—Ethereum ETF Inflows Signal a Shift

June 30, 2025
Bitcoin’s Just… Chillin’, but a Bigger Move Might Be Lurking

Bitcoin’s Just… Chillin’, but a Bigger Move Might Be Lurking

June 30, 2025
Germany’s Largest Banking Group Is (Finally) Letting Retail Clients Trade Crypto

Germany’s Largest Banking Group Is (Finally) Letting Retail Clients Trade Crypto

June 30, 2025
Musk Torches Trump’s $5T Budget Bill, Floats New Party to Fight “Insane” Spending

Musk Torches Trump’s $5T Budget Bill, Floats New Party to Fight “Insane” Spending

June 30, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.