GameStop's stock surges after Roaring Kitty reveals his $116 million stake
John Minchillo/APGameStop shares soared on Monday.The surge came after the trader Keith Gill, known as Roaring Kitty, showed his $116 million position.The meme stock also surged last month after Gill broke a three-year social-media silence.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," disclosed his $116 million stake in the struggling retailer.The stock was up 40% shortly before 10 a.m. ET after an account snapshot posted on Reddit's r/SuperStonk forum showed Gill held five million GameStop shares. 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, although 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."Read the original article on Business Insider
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