Chewy shares were up 5% to $28.59 after hours as the company was selected to join the S&P MidCap 400.
S&P Dow Jones Indices said Friday that Chewy will join the index Nov. 6, replacing Stericycle, which is being sold to Waste Management.
Chewy has been popular with meme-stock investors. The company was founded by Ryan Cohen, who is GameStop's chief executive. Influential investor Keith Gill, also known as "Roaring Kitty," recently reported in a securities filing that he no longer owns a stake in the online pet-products retailer.
Ryan Cohen founded Chewy, Inc. Mr. Cohen is on the board of GameStop Corp. and Manager at RC Ventures LLC.
In his past career Mr. Cohen was Chef Executive Officer & Director at Chewy, Inc.
Chewy, Inc. is a pure-play e-commerce company geared towards pet products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The Company's brands include A Pet Hub, Bark and Slumber, B&G Martin, Babyliss Pro Pet, C&F, Nutro, ORIJEN, NexGard, Frisco and others. It offers quality pet food, treats and supplies, and pet healthcare products. The Company's product offerings include Food products such as dry food, wet food, veterinary diets and food toppings; Treat products, such as treat products, such as soft and chewy treats, biscuits, cookies and crunchy treats, dental treats, jerky treats, bones, bully sticks and natural chews; Vitamin and supplements, such as Hip & Joint, Digestive Health & Probiotics, Multivitamins, Heart & Liver and others, and Healthcare products such as Dental Care, First Aid & Recovery, Ear Care, Eye Care, Milk Replacers, DNA Tests and others. It serves its customers through its retail Website, www.chewy.com, and its mobile applications.