Chewy Stock Slides After Roaring Kitty’s Toy Story Meme

Following a two-month sabbatical, Roaring Kitty has returned to Twitter, and her reappearance has caused a surge in the value of GameStop (GME). However, a post by a well-known meme stock influencer suggests that he is no longer interested in Chewy, a supplier of pet products, which briefly caused the price of the company to drop.

He used a meme to highlight his choice, alluding to the scene in Pixar’s Toy Story 2 where Andy tells toy cowboy Woody, “I don’t want to play with you anymore.” The price of CHWY stock fell 3.7% in less than a minute, suggesting that the market saw this as evidence that Gill is abandoning Chewy after making a significant investment this summer. According to Yahoo Finance, it has swiftly rebounded to around its previous value.

Roaring Kitty’s Comeback Fuels 8.2% GameStop Rally in Just 11 Minutes

According to Yahoo Finance, in the 11 minutes that followed the X post, the price of GME increased 8.2% as fans of Roaring Kitty speculated about the potential impact of his comeback on his highly valued stock. After a three-year hiatus, the GameStop bull took to social media earlier this year to continue spreading the GME gospel. He soon began dropping clues through cryptic memes about his interest in the American pet retailer Chewy Inc., which sent the stock price through the roof.

According to a July SEC report, Roaring Kitty held 6.6% of the shares in Chewy. It’s crucial to remember, though, that there have been instances in the past of investors falsifying papers in order to drive up the value of assets. In spite of this, as the market responded to the news, CHWY‘s value increased.