GME - GameStop Shares Take A Hit After 'Roaring Kitty' Discloses 6.6% Stake In Chewy And Faces A Manipulation Lawsuit | Benzinga
GameStop Corp. (NYSE:GME) shares dipped by 7% in pre-market trading following the revelation by Keith Gill, also known as “Roaring Kitty,” of a 6.6% stake in Chewy Inc. (NYSE:CHWY). This news comes as Gill faces a new lawsuit alleging manipulation of GameStop’s stock.
What Happened: Gill announced a 6.6% stake in Chewy Inc. (NYSE:CHWY). This news led to a surge in Chewy’s stock, while GameStop Corp. (NYSE:GME) experienced a 7% drop during Monday’s pre-market trading.
At the time of writing, GameStop was trading at $23.23 after it closed at $24.69 on Friday, according to Benzinga Pro.
The stake disclosure coincides with a new class action lawsuit filed against Gill by Martin Radev, accusing him of manipulating GameStop’s stock price through his social media influence. The lawsuit was filed on June 28, in the Eastern District of ...