Shares of video game retailer GameStop soared more than 30% during trading Monday after a new post on Reddit from Keith Gill, also known as 'Roaring Kitty.'
GameStop shares jumped more than 30% on Monday after a new Reddit post from retail investor Keith Gill. The screenshot posted on Sunday by Gill, who goes by DeepF-------Value on the platform and "Roaring Kitty" on others, showed a GameStop holding of 5 million, or 1.8% of its publicly available stock. It also showed $65.7 million worth of GameStop call options, which are typically bought to express a bullish view. It expires on June 21 at a strike price of $20.
And on X he posted a reverse green card from the game Uno. While he didn't specify the meaning, in the meme stock world it can reportedly signal a comeback. In May, Gill returned to social media after a three-year hiatus with a post depicting what appeared to be a gamer sitting on a chair. That post caused shares to surge more than 134% in two days. It also sparked speculation that he would begin sharing his trades online once again. GameStop shares closed at $23.13 on Friday.
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