GameStop Rally Continues Following Return of 'Roaring Kitty'

GameStop Rally Continues Following Return of 'Roaring Kitty'

GameStop Rally , Continues Following Return of, 'Roaring Kitty' .br On June 3, meme stock GameStop rallied on rumors that br Keith Gill, the inspiration for the stock's 2021 short squeeze, br may be holding a significant share of the company. .br NBC reports that Gill, otherwise known as Roaring Kitty on YouTube br and X, posted a screenshot of what is believed to be his br extensive GameStop portfolio of common shares and call options. .br NBC reports that Gill, otherwise known as Roaring Kitty on YouTube br and X, posted a screenshot of what is believed to be his br extensive GameStop portfolio of common shares and call options. .br According to the image shared on Reddit's br rSuperStonk forum, Gill is holding 5 million shares br of GameStop with an estimated worth of $115.7 million. .br According to the image shared on Reddit's br rSuperStonk forum, Gill is holding 5 million shares br of GameStop with an estimated worth of $115.7 million. .br The post also showed 120,000 call br options with a strike price of $20. .br On May 31, GameStop br shares closed at $23.14.br As a result of Roaring Kitty's post, br shares in GameStop were up almost 84,br reaching $42.55 in premarket trading.br NBC reports that around the same time as br the Reddit post, Gill also made a cryptic post br on X of a 'Reverse' card from the game 'Uno.'.br NBC reports that around the same time as br the Reddit post, Gill also made a cryptic post br on X of a 'Reverse' card from the game 'Uno.'.br Three weeks ago, Gill's first return to social media br led to an initial rally for GameStop that saw br shares more than double for the month of May.br Three weeks ago, Gill's first return to social media br led to an initial rally for GameStop that saw br shares more than double for the month of May.br In response to the May rally, br GameStop capitalized by raising br over $900 million in a stock sale.br The rally comes as GameStop continues to struggle br amid the transition away from brick-and-mortar br video game stores and towards online gaming. .br The rally comes as GameStop continues to struggle br amid the transition away from brick-and-mortar br video game stores and towards online gaming.


User: Wibbitz Top Stories

Views: 85

Uploaded: 2024-06-03

Duration: 01:31

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