😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows

Published 06/13/2024, 05:00 PM
Updated 06/13/2024, 05:06 PM
© Reuters. FILE PHOTO: Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024.  REUTERS/Brendan McDermid/File Photo
GME
-

NEW YORK (Reuters) - Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop (NYSE:GME) on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week.

Gill's update, posted on Reddit after the close of trading, showed the value of his position at $262.1 million. That is 2.1% of GameStop's 426 million outstanding shares, according to a recent regulatory filing.

The update also showed he no longer holds the 120,000 June 21, $20 strike call options he had disclosed in his last update.

Gill who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.

© Reuters. FILE PHOTO: Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024.  REUTERS/Brendan McDermid/File Photo

The move has spurred big swings in GameStops shares. On Thursday the stock finished up 14% at $29.12. The stock was last down to $28.66 in extended trading on Thursday.

GameStop shares are up 66% for the year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.