GameStop shares increase by 50%, Following a trader known as "Roaring Kitty," whose account shows a $116 million position,
Important Points On Monday, GameStop had another surge due to conjecture that Keith Gill, better known as Roaring Kitty on X and YouTube, would hold a significant role in the video game vendor. Gill, who also goes by the Reddit handle DeepF------Value, resurfaced on Sunday night and shared a screenshot of what appeared to be his portfolio, which may have included a sizable number of call options and common shares of GameStop. The trader's account snapshot on Reddit is r/SuperStonk forum shows that as of Friday's closing price, he had 5 million shares in GameStop, valued at $115.7 million. Memes in stock On Monday, GameStop surged once more due to rumors that Keith Gill, the person behind the historic short squeeze of 2021, would hold a significant stake in the video game store. The previous trading saw shares rise by over 50% to nearly $34.65 per share. Due to volatility, the NYSE momentarily halted trading in the name. At the open, it rose by over 70%. Gill, who goes by the h...