GameStop shares have once again surged amidst speculation surrounding Keith Gill, affectionately known as ‘Roaring Kitty,’ the catalyst behind the remarkable short squeeze of 2021. Gill, recognized as DeepF——Value on Reddit and Roaring Kitty on YouTube, made a notable return to the spotlight on Sunday evening. He posted a screenshot suggesting a substantial stake in the video game retailer, GameStop.
According to the snapshot shared on Reddit’s r/SuperStonk forum, Gill reportedly holds 5 million shares of GameStop, valued at approximately $115.7 million based on Friday’s closing price. Additionally, the screenshot revealed a position of 120,000 call options in GameStop, each with a strike price of $20 and an expiration date of June 21st. These options were purportedly acquired for around $5.68 each. It’s worth noting that GameStop closed at $23.14 on Friday.
Furthermore, Gill chose not to share this update on the WallStreetBets chatroom, where he previously disclosed his trades during the peak of the GameStop frenzy over three years ago, albeit using the same username.
Simultaneously, Gill shared a cryptic image of a reverse card from the game “Uno” on another platform, which garnered significant attention with nearly 30,000 likes.
The anticipation surrounding Gill’s activity has once again influenced GameStop’s performance, with the stock surging over 19% on Robinhood’s 24-hour exchange during Sunday evening’s trading. This momentum suggests a potential significant increase in the stock’s value when premarket trading commences at 4:00 a.m. on Monday.
Gill’s recent reemergence on social media three weeks ago catalyzed a remarkable rally in GameStop, with shares more than doubling in May alone. His return was marked by a simple post featuring a picture of a man in a chair leaning forward, igniting a flurry of trading activity among amateur investors.
Capitalizing on the surge in May, GameStop raised over $900 million through a stock sale, further solidifying its financial position amidst renewed investor interest.
