GameStop Roars Near 100% as Roaring Kitty Posts Massive Position
GameStopGameStop(US:GME) MarketBeat·2024-06-03 20:36

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 115.7millionand120,000calloptionswitha115.7 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 ...