Roaring Kitty Reveals a 6.6% CHWY Stake

The most significant insider buy on today's list comes via a 13G filing by Keith Gill, also known by his online aliases "Roaring Kitty" and "DeepFuckingValue."

Gill bought 9,001,000 shares of Chewy Inc $CHWY, which represents an initial passive ownership stake of 6.6%.

Here’s The Hot Corner, with data through July 1, 2024:

Control Empresarial de Capitales S.A revealed the purchase of $14.4 million worth in PBF Energy Inc $PBF its latest Form 4.

And the former CEO of Globalstar Inc $GSAT, James Monroe III, acquired 4,510,855 shares of his own company’s stock.

CHWY collapsed to new record lows at the end of 2023, briefly violating a multi-year shelf of  support.

However, the follow through was short-lived. Buyers reclaimed this support zone, resulting in a failed breakdown.

We think this one is headed higher as long as we're above the lows from prior cycles.

Stay tuned. We'll be back on Wednesday with more insider activity.

And please reach out with any questions. We love hearing from you!