GameStop Surges 50% as Speculation Grows on Keith Gill's, aka 'Roaring Kitty,' Massive Position
The meme stock GameStop rallied again Monday on speculation that Keith Gill, the man who inspired 2021's epic short squeeze, could have a huge position in the video game retailer. Shares were last about 50% higher, trading above $34 apiece. Gill, known as Roaring Kitty on YouTube and X, reappeared Sunday night, posting a screenshot suggesting he holds 5 million shares and 120,000 call options in GameStop. Gill's recent return to social media has sparked buying frenzies among amateur traders, leading to a more than doubling GameStop's share price in May alone. GameStop took advantage of this rally by raising over $900 million in a stock sale.
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00:00 It's Benzinga, and here's what's on the block.
00:02 Meme stock GameStop rallied again on Monday on speculation that Keith Gill,
00:06 the man who inspired 2021's epic short squeeze, could have a huge position in the video game
00:12 retailer. Shares were last about 50% higher, trading above $34 apiece. Gill, known as Roaring
00:19 Kitty on YouTubeNX, reappeared Sunday night, posting a screenshot suggesting he holds 5
00:24 million shares and 120,000 call options in GameStop. Gill's recent return to social media
00:30 has sparked buying frenzies among amateur traders, leading to a more than doubling of GameStop's
00:35 share price in May alone. GameStop took advantage of this rally by raising over $900 million in a
00:41 stock sale. For all things money, visit Benzinga.com.