Meme stock king Keith Gill—also known as Roaring Kitty—seems to be losing his golden touch. Shares of the viral stock picker’s newest target, the online pet retailer Chewy, fell more than 6.5% on Monday even after Securities and Exchange Commission filings revealed his $245 million stake over the weekend. Chewy stock soared last Thursday after Gill simply posted a photo of a cartoon dog on social media, but they’re now 6.6% below Wednesday’s closing price. It was a similar story for Gill’s favorite stock, GameStop, which saw its shares plunge 5.4% on Monday.
This comes as the meme stock king faces a lawsuit in the Eastern District of New York accusing him of committing securities fraud for a string of social media posts about GameStop.
