GameStop Surges 50% as Speculation Grows on Keith Gill's, aka 'Roaring Kitty,' Massive Position from kitty zhaoxiaomi Watch Video

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✓ Published: 04-Jun-2024

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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.