The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media.

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.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips There’s a lot of significance behind the timely return of investing

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