From CNBC: 2024-06-06 13:45:44

Shares of GameStop surged after Roaring Kitty, also known as Keith Gill, scheduled a livestream on Youtube, sparking trader speculation. The stock jumped 40% to around $44 per share, with trading halted for volatility. Gill, known as DeepF——Value on Reddit, revealed his massive GameStop stake worth at least $200 million.

Gill resurfaced online after sparking the historic trading mania in 2021 with his GameStop investment. He held 5 million shares of GameStop common stock and 120,000 call options. Comments flooded the livestream chat with more than 10,000 viewers waiting. E-Trade is reportedly considering banning Gill due to potential market manipulation concerns.

Read more: GameStop shares jump 40% as ‘Roaring Kitty’ schedules YouTube livestream for Friday