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Market Mover | GME Shares Surge 72% After Roaring Kitty Posted $116 Million Bet

Moomoo News ·  Jun 3 05:13  · Movers

June 3, 2024 - $GameStop (GME.US)$ shares surged 72% to $39.80 in pre-market trading on Monday. Keith Gill posted $116 million bet on Reddit.

Keith Gill, who is also known as "Roaring Kitty" on social media platform X and "DeepF**kingValue" on Reddit, recently posted a screenshot of his investment portfolio. The screenshot revealed that Gill holds a substantial number of GameStop shares and call options.

According to this screenshot, as of Friday's closing price, Gill holds 5 million shares of GameStop stock worth $115.7 million. The account also shows the holding of 120,000 GameStop call options with a strike price of $20 expiring on June 21, purchased for around $5.68 per option. GameStop's stock price closed at $23.14 on Friday.

Moreover, Gill posted an image of a reverse uno card on Sunday evening. This marks the first post since a string of memes appeared last month.

Related Reading: Reddit; X  

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