GameStop shares jump 30% after 'Roaring Kitty' trader posts account showing $116 million position
Publishing timestamp: 2024-06-03 12:20:19
Summary
GameStop rallied on speculation that Keith Gill, known as Roaring Kitty, could have a huge position in the company. Gill reappeared on social media, posting screenshots of his portfolio holding significant GameStop shares and call options. The stock surged, trading around $30.26 per share. Gill's return sparked a rally in GameStop shares, which more than doubled in May. The company is still transitioning to online gaming, with investors hopeful for a reinvention under CEO Ryan Cohen.
Sentiment: MIXED
Tickers: GME,
Keywords: breaking news: markets, social media, markets, gamestop corp, wall street, business news, stock markets, investment strategy,