Chewy rises to near one-year high after 'Roaring Kitty' posts on X
** Pet products retailer Chewy's CHWY.N shares rise up much as 34% to near one-year high at $39.10
** Stock spiked following post of a puppy face on X by finance influencer Keith Gill also known as "Roaring Kitty" on social media platforms
** "The spike in volume and share price gains were shortly after the tweet. Correlation isn't always causation, but sometimes it is. It would make sense for someone who goes by Roaring Kitty to have an affinity for pet supplies" - Brian Jacobsen, chief economist, Annex Wealth Management
** "We do know that (the Roaring Kitty tweet) is what is moving the stock because there's no other relevant news. Chewy was founded by the CEO of GameStop, his favorite person in the world. If you look under the hood, the stock has very sizeable short interest - so people reacted" - Jay Woods, chief global strategist, Freedom Capital Markets
** Shares of videogame retailer GameStop GME.N, which have been trading high through the day, were last up 5.5% at $25.54 while CHWY was up 5%
** "I kind of understand the Chewy thesis I understand Ryan Cohen's involvement, and if he is involved in this his followers were likely to do a bit better over the long term than they did in GameStop, which was a complete disaster" - Thomas Hayes, chairman, Great Hill Capital
** Including today's gain, CHWY had risen 39% YTD
Reporting by Ananya Mariam Rajesh and Lisa Mattackal in Bengaluru
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