GameStop Rally , Continues Following Return of, 'Roaring Kitty' .<br />On June 3, meme stock GameStop rallied on rumors that <br />Keith Gill, the inspiration for the stock's 2021 short squeeze, <br />may be holding a significant share of the company. .<br />NBC reports that Gill, otherwise known as Roaring Kitty on YouTube <br />and X, posted a screenshot of what is believed to be his <br />extensive GameStop portfolio of common shares and call options. .<br />NBC reports that Gill, otherwise known as Roaring Kitty on YouTube <br />and X, posted a screenshot of what is believed to be his <br />extensive GameStop portfolio of common shares and call options. .<br />According to the image shared on Reddit's <br />r/SuperStonk forum, Gill is holding 5 million shares <br />of GameStop with an estimated worth of $115.7 million. .<br />According to the image shared on Reddit's <br />r/SuperStonk forum, Gill is holding 5 million shares <br />of GameStop with an estimated worth of $115.7 million. .<br />The post also showed 120,000 call <br />options with a strike price of $20. .<br />On May 31, GameStop <br />shares closed at $23.14.<br />As a result of Roaring Kitty's post, <br />shares in GameStop were up almost 84%,<br />reaching $42.55 in premarket trading.<br />NBC reports that around the same time as <br />the Reddit post, Gill also made a cryptic post <br />on X of a 'Reverse' card from the game 'Uno.'.<br />NBC reports that around the same time as <br />the Reddit post, Gill also made a cryptic post <br />on X of a 'Reverse' card from the game 'Uno.'.<br />Three weeks ago, Gill's first return to social media <br />led to an initial rally for GameStop that saw <br />shares more than double for the month of May.<br />Three weeks ago, Gill's first return to social media <br />led to an initial rally for GameStop that saw <br />shares more than double for the month of May.<br />In response to the May rally, <br />GameStop capitalized by raising <br />over $900 million in a stock sale.<br />The rally comes as GameStop continues to struggle <br />amid the transition away from brick-and-mortar <br />video game stores and towards online gaming. .<br />The rally comes as GameStop continues to struggle <br />amid the transition away from brick-and-mortar <br />video game stores and towards online gaming.
