Meme stock retail trader Keith Gill, known as "Roaring Kitty" updated his followers of his position, showing his portfolio on E-Trade. The value of his $GameStop (GME.US)$ stock holding showed a total gain of 51% to $160.4 million, while the value of his $20 call options expiring on June 21 soared 136%.
Including his cash, his portfolio is up about 84% to $350.6 million, a screen grab of his E-Trade account posted on his livestream showed.
He also took a $72.35 million hit on his stock holding for the day, as GameStop shares tumbled. His call options, meanwhile, shrank by $163.5 million as the value of the contracts slumped along with the share price. In total, his holdings dwindled by $235.85 million for the day.
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Roaring Kitty's livestream audience dropped off to 556,708 at 1:07 p.m. New York time after reaching about 615,00 earlier as he provided his followers a screenshot of his E-Trade account.
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$GameStop (GME.US)$ shares deepen losses as stock meme retail trader Keith Gill, known as "Roaring Kitty's" livestream on YouTube gets going. He said he had no gameplan and did the livestream to check up on his followers.
At the start, the stock trimmed losses, but the decline has since widened to 29% to $33 at 12:40 p.m. New York time.
The decline came after the company reported disappointing quarterly financial results Friday morning and announced that it's selling as much as 75 million shares, diluting the stake of existing shareholders.
Net sales for the fiscal first quarter ended May 4 shrank to $881.8 million, from $1.24 billion in the comparable period a year earlier, the company said in its press release.
The company filed for the new stock offering after selling a total of 45 million shares for $933.4 million, according to the document sent to the Securities and Exchange Commission.
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Roaring Kitty said the GameStop holdings he posted on social media were the only positions he has. GameStop were shares halted for a 13th straight time since the start of trading Friday.
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Roaring Kitty reiterates his investment thesis on GameStop in his first YouTube livestream in a while. Investors remain to be convinced as the stock sinks further.
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The livestream of Keith Gill, known as Roaring Kitty, has already drawn an audience of over half a million even before the meme stock retail trader appears on the livestream to address his followers.
Is the livestream about his GameStop holding or a meme coin? Join us as we walk you through the updates from the livestream set to start any minute now.
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$GameStop (GME.US)$ trims losses as Roaring Kitty starts his livestream. He said he had no gameplan and did the livestream to check up on his followers.
The decline came after the company reported disappointing quarterly financial results Friday morning and announced that it's selling as much as 75 million shares, diluting the stake of existing shareholders.
Net sales for the fiscal first quarter ended May 4 shrank to $881.8 million, from $1.24 billion in the comparable period a year earlier, the company said in its press release.
The company filed for the new stock offering after selling a total of 45 million shares for $933.4 million, according to the document sent to the Securities and Exchange Commission.