Chewy (CHWY) shares moved sharply lower Friday as some investors decided the 澳洲幸运5官方开奖结果体彩网:meme stock hero known as “澳洲幸运5官方开奖结果体彩网:Roaring Kitty” wasn't signa🎐ling intere🐼st in the pet supply retailer.

Shares of Chewy skyrocketed as much as 34% on Thursday after Roaring Kitty, whose real name is Keith Gill, posted a picture of a cartoon dog on his X account, a move that was initially interpreted as a sign he was pushing the stocks. As 🍰investors determined that might not be the case, the shares plunged.

Chewy's shares were down about 8% in mid-afternoon trading Friday, Shares of rival Petco Health and Wellness (WOOF), which also gained a📖fter the Roaring Kitty post on Thursday, rose another 12% on F𝓀riday.

Roaring Kitty Drove Fresh Meme Stock Frenzy in ꦛMay

Gill, one of the key drivers of the 2021 meme stock craze, has a knack for roiling the markets. After disappearing from social media for three years, he kicked off a fresh meme stock frenzy with a May post on X indicating that he was back in action.

A big beneficiary was GameStop (GME), which saw its shares soar. A month later, Gill posted what appeared to show a large position in the video game retailer, driving up shares again. Later, when he held a livestream event to discuss the stock, investors seemed unimpressed.