GameStop shares double as Roaring Kitty reveals a massive $116 million position, causing a frenzy on Reddit and in the stock market!
The GameStop saga continues as Keith Gill, famously known as Roaring Kitty, made waves on Reddit with his $116 million bet on GameStop shares. This move resulted in a doubling of the stock price, capturing the attention of investors worldwide. Gill's return to social media after three years sparked a buying frenzy, with a massive $390 million worth of shares traded in the early hours. The Reddit community and stock market enthusiasts are abuzz with excitement over the resurgence of the meme-stock mania.
The Roaring Kitty effect on GameStop was evident as shares climbed over 90% in premarket trading, making it the second-most actively traded stock. Speculation about Gill's huge stake in the video game retailer further fueled the excitement, leading to a surge in trading volume. The anticipation and drama surrounding GameStop's stock have once again put the company in the spotlight, showcasing the power of social media influence in financial markets.
GameStop's meteoric rise, propelled by Roaring Kitty's influence, highlights the volatile nature of meme stocks and the impact of online communities on traditional trading. As GME stock continues its rollercoaster ride, investors are closely watching the developments and speculating on the next moves. The resurgence of interest in GameStop demonstrates the dynamic and unpredictable nature of today's stock market, where social media platforms can influence trading patterns significantly.
In the midst of the GameStop frenzy, one thing is clear - Keith Gill, aka Roaring Kitty, remains a key player in the meme-stock universe, with his $116 million bet sending shockwaves across the market. The ongoing saga of GameStop's stocks serves as a reminder of the power of individual investors and the ever-changing landscape of financial markets.
GAMESTOP Corp shares more than doubled after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a US$116 million position ...
Roughly $390m worth of GameStop shares had changed hands before 6am ET, following Keith Gill's first Reddit post in three years.
GameStop was the second-most actively traded stock, with 4.4 million shares changing hands by 4:30 a.m. ET.
GameStop Corp. shares (GME) have surged over the past month as influential trader Keith Gill, aka Roaring Kitty on X and YouTube, reappeared on social media.
(Bloomberg) -- GameStop Corp. shares more than doubled after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 ...
Shares of GameStop are soaring before the market open on Monday following speculation that the man at the center of the pandemic meme stock craze owns a ...
Reddit account of Keith Gill suggests day trader holds $116mn shareholding in video games retailer.
GME stock has seen extremely strong gains of 400% from levels of $5 in early January 2021 to around $25 now, vs. an increase of about 40%..
GameStop's stock price jumped more than 87% in pre-market trading following post on Reddit linked to trader Keith Gill.
The latest GameStop Corp. frenzy has coaxed a big critic of the meme-stock craze โ and a notable loser back in 2021 โ off the sidelines with a new short ...
Keith Gill, who's behind GameStop's recent roller-coaster ride, seemingly held onto his big position in the video game retailer even after Monday's big ...
GameStop shares jumped 21 per cent on Monday after the stocks influencer known as "Roaring Kitty" returned to Reddit with a post showing a $116 million bet ...
Investors are worried that the Federal Reserve is now overly preoccupied with reducing inflation, and could be missing signs that the US economy is ...
Some US$4.7 billion worth of GameStop shares changed hands on June 3, making it the most heavily traded stock on the NYSE. PHOTO: REUTERS. Updated.
Shares in the video game retailer surge after an account tied to "Roaring Kitty" claimed a large stake.
By Gordon Gottsegen. Keith Gill broke his silence on X and Reddit. Could his YouTube account be next? There almost seems to be a pattern.
Keith Gill, who goes by Roaring Kitty on X and YouTube and as u/DeepF-ingValue on Reddit, gained notoriety for posting his bull-case theory for GameStop (GME) ...
IT WAS just a screenshot of a portfolio, posted without comment on Sunday (Jun 2) on Reddit by an account associated with Keith Gill.
The June 2 screenshot posted by Keith Gill showed a stake of 5 million shares with an average cost basis of US$21.27 apiece.
(AP) - Shares of ...
The meme stock soared on Wall Street after a Reddit post appeared to reveal a $173.6 million position in the video-game retailer.
NEW YORK : "Roaring Kitty" Keith Gill, the stock influencer behind the 2021 meme stock frenzy, may be sitting on a paper profit of tens of millions of ...