‘Roaring Kitty’ post seems to show trader held onto giant GameStop stake after Monday’s rally

From CNBC: 2024-06-03 16:45:33

Keith Gill, known as DeepFuckingValue on Reddit, publicly displays his large position in GameStop despite recent stock volatility. He still holds 5 million shares and 120,000 call options, revealed in screenshots on Reddit’s r/SuperStonk forum. GameStop shares rose 4% after his latest post.

GameStop’s roller-coaster day saw a 21% increase after reports of E-Trade considering banning Keith Gill due to market manipulation concerns. Despite this, Gill’s holdings in GameStop surged from $115.7 million to $140 million in one day. His decision not to sell was reflected in a Reddit post following the news.

Read more: ‘Roaring Kitty’ post seems to show trader held onto giant GameStop stake after Monday’s rally