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GameStop's stock surges after Roaring Kitty appears to show he has a $116 million stake

George Glover   

GameStop's stock surges after Roaring Kitty appears to show he has a $116 million stake
  • GameStop shares soared on Monday.
  • The trader Keith Gill, known as Roaring Kitty, seemed to show he had a $116 million position.

GameStop shares surged at Monday's opening bell after the trader Keith Gill, who posts on social media under the aliases "Roaring Kitty" and "DeepFuckingValue," appeared to disclose a $116 million stake in the struggling retailer.

The stock was up 40% shortly before 10 a.m. ET after a screenshot showing five million GameStop shares was posted from Gill's account on Reddit's r/SuperStonk forum.

Late on Sunday, the trader also posted a picture of an Uno reverse card on X, which had 65,000 likes at last check.

GameStop also spiked last month after Gill broke a three-year social-media silence with a series of cryptic posts, though the so-called meme stock subsequently gave up most of those gains.

Gill hit the headlines in January 2021 when his bullish analyses of GameStop triggered a short squeeze.

He later told the House Financial Services Committee that he was "not a cat." He was one of the main characters in the 2023 film "Dumb Money," in which he was portrayed by Paul Dano of "The Batman" and "There Will Be Blood."


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