GameStop Rally Continues Following Return of 'Roaring Kitty' from cars the video game sheriff hot pursuit Watch Video

⏲ Duration: 1:31
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✓ Published: 03-Jun-2024

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GameStop Rally , Continues Following Return of, 'Roaring Kitty' .<br/>On June 3, meme stock GameStop rallied on rumors that <br/>Keith Gill, the inspiration for the stock's 2021 short squeeze, <br/>may be holding a significant share of the company..<br/>NBC reports that Gill, otherwise known as Roaring Kitty on YouTube <br/>and X, posted a screenshot of what is believed to be his <br/>extensive GameStop portfolio of common shares and call options. .<br/>NBC reports that Gill, otherwise known as Roaring Kitty on YouTube <br/>and X, posted a screenshot of what is believed to be his <br/>extensive GameStop portfolio of common shares and call options. .<br/>According to the image shared on Reddit's <br/>r/SuperStonk forum, Gill is holding 5 million shares <br/>of GameStop with an estimated worth of $115.7 million. .<br/>According to the image shared on Reddit's <br/>r/SuperStonk forum, Gill is holding 5 million shares <br/>of GameStop with an estimated worth of $115.7 million. .<br/>The post also showed 120,000 call <br/>options with a strike price of $20. .<br/>On May 31, GameStop <br/>shares closed at $23.14.<br/>As a result of Roaring Kitty's post, <br/>shares in GameStop were up almost 84%,<br/>reaching $42.55 in premarket trading.<br/>NBC reports that around the same time as <br/>the Reddit post, Gill also made a cryptic post <br/>on X of a 'Reverse' card from the game 'Uno.'.<br/>NBC reports that around the same time as <br/>the Reddit post, Gill also made a cryptic post <br/>on X of a 'Reverse' card from the game 'Uno.'.<br/>Three weeks ago, Gill's first return to social media <br/>led to an initial rally for GameStop that saw <br/>shares more than double for the month of May.<br/>Three weeks ago, Gill's first return to social media <br/>led to an initial rally for GameStop that saw <br/>shares more than double for the month of May.<br/>In response to the May rally, <br/>GameStop capitalized by raising <br/>over $900 million in a stock sale.<br/>The rally comes as GameStop continues to struggle <br/>amid the transition away from brick-and-mortar <br/>video game stores and towards online gaming. .<br/>The rally comes as GameStop continues to struggle <br/>amid the transition away from brick-and-mortar <br/>video game stores and towards online gaming.