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Gamestop shares soar once again after "Roaring Kitty" reveals $116 million stake

Gamestop shares soar once again after "Roaring Kitty" reveals $116 million stake

CBSN
Monday, June 03, 2024 02:32:09 PM UTC

GameStop shares soared in premarket trading Monday following speculation that the man behind the meme-stock craze owns a large number of shares of the video game retailer that could be worth millions.

Keith Gill, better known as "Roaring Kitty," posted a screenshot in the r/SuperStonk forum on Reddit that users on the platform are interpreting as an image of company stock and call options that Gill holds in GameStop. The image suggested Gill may own 5 million shares of GameStop that were worth $115.7 million as of the closing price on Friday. 

In addition, Roaring Kitty on Sunday night posted a picture on X of a reverse card from the popular game Uno. There was no text accompanying the image. 

Read full story on CBSN
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