Reported 4 months ago
GameStop shares surged 21% as 'Roaring Kitty' returned to Reddit with a post showing a $116 million bet, closing at $28 after reaching 75% during the session. Keith Gill, the influencer behind the 2021 retail trading frenzy, revealed a GameStop holding of 5 million shares, increasing his position value to $260 million. The surge puts GameStop short sellers on track for nearly $1 billion in paper losses, prompting speculation over Gill's influence on meme stocks again.
Source: YAHOO