Reported 7 months ago
GameStop Corp. responded to claims made by Keith Gill, known as 'Roaring Kitty', regarding his trading activities as the firm's shares experienced a significant decline. Gill allegedly bought a large volume of call contracts, leading to a surge in the stock price before dropping. Questions arise about whether Gill will exercise the contracts or close his position, potentially impacting the stock further. The $20 calls saw heavy trading late Wednesday, with concerns about Gill's involvement influencing the share price, which fell by 17% to $25.46.
Source: YAHOO