Chewy shares up 10% premarket (Il Sole 24 Ore Radiocor) - New York, 01 Jul - Shares in Chewy surged in premarket trading after meme stock trader Keith Gill bought a stake in the pet food e-commerce retailer.

A SEC filing showed that Gill, also known as 'Roaring Kitty', had acquired a 6.6% stake in the company by acquiring just over 9 million shares to become one of Chewy's biggest shareholders.

Trading in videogame seller GameStop recently became very volatile after Gill invested in the retailer.

GameStop CEO Ryan Cohen was the founder and CEO of Chewy.

At 1208 GMT Chewy shares were up 10% after having risen to more than 20%.

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(RADIOCOR) 01-07-24 14:28:17 (0392) 5 NNNN