Meme stock mania is so back, and Suspect No.1 is at play. The shares of GameStop Corp (NYSE:GME) are up 70.9% to trade at $39.54 at last check, after Keith Gill -- who is behind social media profile Roaring Kitty and instigated the retail trading frenzy of 2021 -- posted on Reddit (RDDT) under the username DeepF------Value.The post includes a screenshot of an account holding a $116 million GME position, with 120,000 June 20-strike calls bought for about $5.68 each, as well as 5 million shares. It remains un ...

MIAMI, FLORIDA - MAY 28: Merchandise lines the shelves of a GameStop store on May 28, 2024 in Miami, ... [+] Florida. GameStop stock jumped higher after the video game retailer announced that it had raised $933 million by selling 45 million common shares of its stock earlier this month. (Photo by Joe Raedle/Getty Images)Getty ImagesThe stock price of GameStop (NYSE: GME) is up nearly 40% year-to-date. It has been very volatile, with its stock's 52-week price ranging between $10 and $65. The rise in GME is d ...

Key PointsGameStop (NYSE: GME) surged nearly 100% in pre-market trading following Keith Gill's post of a large position in the company, reminiscent of the 2021 meme stock frenzy.Gill's portfolio reportedly includes 5 million GameStop shares worth $115.7 million and 120,000 call options with a $20 strike price that expires on June 21st.Despite the excitement, GameStop faces operational challenges and analyst skepticism, with its stock history suggesting caution for long-term investors.5 stocks we like better ...

GameStop shares soared more than 70% in premarket trading on Monday after a new post from retail investor "Roaring Kitty." The screenshot posted on Sunday by Roaring Kitty, also known as Keith Gill, showed a GameStop holding of 5 million, or 1.8% of its publicly available stock. It also showed $65.7 million worth of GameStop call options, typically bought to express a bullish view, expiring on June 21 at a strike price of $20.Ticker Security Last Change Change % GME GAMESTOP CORP. 23.12 +0.52 +2.29% And on ...

Video games continue to be one of the most popular forms of entertainment in the world. Nearly 50 years after the first video game consoles debuted, the industry is stronger and more diverse than ever. According to Midia Research, the video games industry will reach global annual revenues of more than $300 billion and a worldwide audience of 3.8 billion active players by 2030.Consumers today are spending more on video games than they are on going to the movies, streaming TV shows, and many other forms of en ...

ToplineGameStop shares soared in premarket trading on Monday after Roaring Kitty, the man who inspired the 2021 meme stock frenzy, posted what appeared to be evidence of a massive position in the game retailer, the latest buying mania for the brick-and-mortar store following the meme stock celebrity’s return to social media after a years-long absence.Meme stock GameStop rallied again on Monday in premarket trading. SOPA Images/LightRocket via Getty Images Key FactsShares more than doubled in premarket tradi ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

GameStop’s (NYSE: GME) stock experienced a dramatic surge of nearly 100% in early morning trading on June 3, 2024, following a significant move by Keith Gill, also known as “Roaring Kitty.” Gill, a key figure in the 2021 meme stock phenomenon, broke his three-year silence on Reddit, revealing substantial new investments in GameStop.GME stock 30-day price chart. Source: FinboldGill disclosed that he holds $65 million worth of GameStop call options with a $21 strike price, set to expire in 19 days. Additional ...

GameStop shares surged ahead of Monday's opening bell after trader Keith Gill, who posts on social media under the aliases "Roaring Kitty" and "DeepFuckingValue," revealed he holds a $116 million stake in the struggling retailer.Advertisement The stock was up 84% in premarket trading shortly before 5 a.m. Eastern Time after an account snapshot posted on Reddit's r/SuperStonk forum revealed that Gill holds five million GameStop shares.This story is available exclusively to Business Insider subscribers. Beco ...

The GameStop (NYSE: GME) stock saga has gripped the trading community again, causing GME shares to surge to $70. However, the hype quickly faded despite the influence of Keith Gill, also known as Roaring Kitty, who contributed to the surge with a series of cryptic tweets.Now, a new catalyst could drive GME stock even higher. On June 2, after a hiatus of over three years, Roaring Kitty revealed in the Reddit community r/Superstonk that he holds five million GameStop shares worth $115.7 million and 120,000 ca ...