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.

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.

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

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.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

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.

The influential trader disclosed the stake in the online pet-products retailer days after posting an image of a dog on his X account.

Keith Gill, the meme stock trader "Roaring Kitty," thrust Chewy Inc into the spotlight when he made a $245 million bet on the online pet products retailer on Monday.

Influential trader Keith Gill, also known as Roaring Kitty, has taken a 6.6% stake in Chewy, thrusting the online pet-products retailer into the meme-stock spotlight.

Chewy shares erased gains after initially spiking as much as 10 percent on Monday as . The disclosure with the US Securities and Exchange Commission shows Gill owns roughly 9 million Class A shares, worth about $245 million based on Friday’s closing price.