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News

GameStop GME Surge Is Back As Keith Gill Proves $586 Million Position

June 7, 2024 - Around 2 mins mins to read

Key Points:

  • Keith Gill, known as Roaring Kitty, announces his return to YouTube after three years, sparking the GameStop GME surge.
  • Gill’s stock and options position reaches a combined value of $586 million, driving GameStop’s price up by 47% in one session.
  • The resurgence of meme stocks, fueled by Gill’s online presence, extends beyond GameStop, with other stocks like AMC Entertainment experiencing rallies.
Keith Gill, famously known as Roaring Kitty, is once again making waves in the stock market, particularly with GameStop Corp. shares, after announcing his return to YouTube after a three-year hiatus.
GameStop GME Surge Is Back As Keith Gill Proves $586 Million Position
GameStop GME Surge Is Back As Keith Gill Proves $586 Million Position 2

GameStop GME Surge Returns Amid Keith Gill’s Comeback

Gill, whose online persona has been influential in driving the GameStop GME surge, revealed through a Reddit screenshot that his stock and options position now amounts to a staggering $586 million.

The anticipation of his YouTube livestream scheduled for Friday has sparked further enthusiasm among investors, leading to GameStop shares closing Thursday’s session 47% higher at $46.55. The GameStop GME surge triggered multiple volatility halts, with the stock skyrocketing 76% in just two days and a remarkable 167% since Gill cryptically tweeted a meme on May 12.

Gill’s Online Resurgence Sparks Market Excitement

Gill’s previous online presence as Roaring Kitty during the meme-stock craze of 2020 and 2021 had significantly impacted GameStop’s stock performance. His recent return to social media has reignited rallies not only in GameStop but also in other stocks favored by individual traders on platforms like Reddit.

The resurgence of interest in meme stocks has been palpable, especially after Gill resumed posting on social media platforms like X, driving GameStop’s price higher once more, alongside other meme stocks like AMC Entertainment (AMC).

The upcoming livestream announcement on Gill’s “Roaring Kitty” YouTube channel, scheduled for 12 p.m. ET on Friday, has added fuel to the excitement. The ripple effects of this news have extended beyond traditional equities, with the Solana-based meme token GME, inspired by GameStop but not affiliated with the company, surging more than 80% over the past 24 hours.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

GameStop

GameStop GME Surge

GME

Keith Gill

Roaring Kitty

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

GameStop GME Surge Is Back As Keith Gill Proves $586 Million Position

Key Points:

  • Keith Gill, known as Roaring Kitty, announces his return to YouTube after three years, sparking the GameStop GME surge.
  • Gill’s stock and options position reaches a combined value of $586 million, driving GameStop’s price up by 47% in one session.
  • The resurgence of meme stocks, fueled by Gill’s online presence, extends beyond GameStop, with other stocks like AMC Entertainment experiencing rallies.
Keith Gill, famously known as Roaring Kitty, is once again making waves in the stock market, particularly with GameStop Corp. shares, after announcing his return to YouTube after a three-year hiatus.
GameStop GME Surge Is Back As Keith Gill Proves $586 Million Position
GameStop GME Surge Is Back As Keith Gill Proves $586 Million Position 4

GameStop GME Surge Returns Amid Keith Gill’s Comeback

Gill, whose online persona has been influential in driving the GameStop GME surge, revealed through a Reddit screenshot that his stock and options position now amounts to a staggering $586 million.

The anticipation of his YouTube livestream scheduled for Friday has sparked further enthusiasm among investors, leading to GameStop shares closing Thursday’s session 47% higher at $46.55. The GameStop GME surge triggered multiple volatility halts, with the stock skyrocketing 76% in just two days and a remarkable 167% since Gill cryptically tweeted a meme on May 12.

Gill’s Online Resurgence Sparks Market Excitement

Gill’s previous online presence as Roaring Kitty during the meme-stock craze of 2020 and 2021 had significantly impacted GameStop’s stock performance. His recent return to social media has reignited rallies not only in GameStop but also in other stocks favored by individual traders on platforms like Reddit.

The resurgence of interest in meme stocks has been palpable, especially after Gill resumed posting on social media platforms like X, driving GameStop’s price higher once more, alongside other meme stocks like AMC Entertainment (AMC).

The upcoming livestream announcement on Gill’s “Roaring Kitty” YouTube channel, scheduled for 12 p.m. ET on Friday, has added fuel to the excitement. The ripple effects of this news have extended beyond traditional equities, with the Solana-based meme token GME, inspired by GameStop but not affiliated with the company, surging more than 80% over the past 24 hours.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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