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GameStop shares jump 30% after 'Roaring Kitty' trader posts account showing $116 million position - TL;DR CNBC

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: marketssocial mediamarketsgamestop corpwall streetbusiness newsstock marketsinvestment strategy

Source: https://www.cnbc.com/2024/06/02/gamestop-jumps-as-roaring-kitty-trader-posts-giant-116-million-stock-position.html


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