GameStop stock rockets 80% as Keith Gill's new post suggests a $116 million bet
) rocketed more than 80% in premarket trading Monday after Keith Gill, known as DeepF— Value on Reddit, posted a screenshot suggesting a $116 million investment in the company.
On social media platform X, Gill, under the username “Roaring Kitty,” posted an image of a UNO reverse card, which symbolizes changing the direction of play in the game. The post garnered over 5.3 million views within about eight hours of its publication around 8 p.m. Sunday, New York time, Bloomberg said in a report.
Gill had been quiet on social media since his 2021 rallying of day traders on Reddit to buy GameStop stock, challenging short sellers and predicting the company's reinvention as a leading gaming hub. Since his mid-May post, GameStop shares had dropped over 50% after a brief rally. The stock had famously soared over 2,000% in early 2021, thrusting the meme-stock phenomenon into the spotlight.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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