Meme stock GameStop rallied again Monday on speculation Keith Gill, the man who inspired 2021′s epic short squeeze, could have a huge position in the video game retailer.
Shares in premarket trading were about 84% higher to $42.55. Gill, who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube and X, reappeared Sunday night, posting a screenshot of what could be his portfolio holding a significant amount of GameStop common shares and call options. The Reddit trading crowd’s favorite trader holds 5 million shares of GameStop worth $115.7 million as of Friday’s closing price, according to the account snapshot posted on Reddit’s r/SuperStonk forum.
The movie theater chain climbed 48% in May amid the revival of meme stock craze. Reddit’s stock gained 5% Monday. Gill’s first return to social media three weeks ago sparked an eye-popping rally in GameStop with shares more than doubling in May alone. At the time, he simply posted a picture of a man in a chair leaning forward, but that was enough to trigger a buying frenzy among amateur traders. GameStop took advantage of the May rally by raising more than $900 million in a stock sale.
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