Keith Gill, better known as “Roaring Kitty,” is slated to host his first livestream since the meme stock craze that took place three years ago.
Keith Gill, better known as"Roaring Kitty" on X and YouTube and as"Deep-------Value" on Reddit, is slated to host his first livestream since the meme stock craze that took place three years ago.We'll be live blogging the highlights from the livestream and movement in the stock at noon ET.mania during the pandemic. The investor hosted three-hour livestreams in August 2020 explaining his thesis for why the video game retailer is a good pick.
This would be Roaring Kitty's first livestream in more than three years. He used to host these frequently in August 2020, talking about GameStop for as long as three hours.The firm showed no signs of an operational turnaround. The company posted net sales of $881.8 million for the period, down 29% from $1.237 billion a year prior. The sales decline was steeper than the two Wall Street analysts who cover the stock expected. Their estimates were in a range of $900 million to $1.
The company also gave an update on its ongoing stock sales, saying it would sell an additional 75 million shares on top of the 45 million share sale it had announced in May that raised more than $900 million.Gill started posting screenshots of his E-trade portfolio holding since Sunday. He seemed to have held onto five million shares of GameStop common shares and 120,000 call options as of Thursday night.
Those call options, if exercised, could bring Gill's stake in GameStop to 17 million shares, making him the fourth largest shareholder. If the stock returns to its May high of $64.83 per share, Gill's position would then be worthThe call options against GameStop he owns has a strike price of $20 and they expire June 21. If the stock closes above $20 that day, Gill could exercise the options at $20 apiece, leaving him owning an additional 12 million shares.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GameStop Stock Soars Amid 'Roaring Kitty' Meme Stock RallyTrading was halted multiple times after Keith Patrick Gill, known for igniting GameStop’s massive 2021 rally, resurfaced online after a long hiatus
Read more »
GameStop shares soar after meme stock trader ‘Roaring Kitty’ resurfacesThis is additional taxonomy that helps us with analytics
Read more »
GameStop Stock Soars (Again) as Influencer Roaring Kitty Makes ComebackGameStop stock soared to 110% Monday ... all thanks to a cryptic social media return from viral day trader Roaring Kitty -- who memorably caused this to happen a few years ago.
Read more »
GameStop, AMC surge after influential meme stock investor 'Roaring Kitty' resurfaces on XTrading in GameStop was halted eight times before noon on Monday due to volatility.
Read more »
Solana Memes, GameStop Stock Jump 44% in Premarket as 'Roaring Kitty' Returns on XShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
GameStop Stock News: Roaring Kitty meme sends meme stocks soaringIt was the meme heard ‘round the world. On Sunday, May 12, Keith Gill posted a meme on X (formerly Twitter) of a man leaning forward in his seat, which is normally used by video game enthusiasts to mean a situation is getting serious.
Read more »