GameStop: ‘Roaring Kitty’ reveals $175M position in stock

Shares of GameStop (GME) are soaring Monday, fueled by a post from the influential meme trade figure known as “Roaring Kitty.” The investor took to social media platform Reddit (RDDT) to share a screenshot purportedly revealing his $175 million position in the company’s stock — shares and options included.

Yahoo Finance’s Josh Schafer breaks down the details.

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This post was written by Angel Smith

Video Transcript

We got the meme stock rally coming after a Reddit account linked to Keith Gill, also known as Roaring Kitty.

He posted what appears to be a significant amount of shares and call options of the stock.

Now, we could not independently verify this post, but Gill is widely credited for influencing gamestop’s 2021 short squeeze for more on this.

Yahoo finance is there own.

Josh sc are standing by in the newsroom with the latest on that Josh, hey, Shawny Games stop shares rising over 70% this morning in free market trading.

That’s after a Reddit account using the user name of Keith Gill, also known as Roaring Kitty posted a screenshot showing a $175 million position in Gamestop that includes about 5 million of regular shares and 120,000 call options that are set to expire on June 21st.

Now, what’s most interesting about this right now that we’re watching is we haven’t actually heard from Gill himself yet.

You remember back a couple of weeks ago, his Twitter account started tweeting for the first time since 2021 Gamestop shares took off on that last night, we have this post on Reddit from his old account.

But again, we have not been able to verify whether or not this is actually Keith Gill behind these posts.

If you think back to 2021 he sort of was most famous for posting videos of himself.

He was always on the camera talking to other people and we have not seen that part of this yet.

So it be interesting to see if we eventually do hear from Keith Gill himself and what he has to say about this return of the meme train.