Reported 7 months ago
GameStop Corp. investors experienced a turbulent two-week period as the company's annual meeting was disrupted by a technical glitch, and prominent stockholder 'Roaring Kitty' adjusted his portfolio, causing the stock price to essentially reset. Despite a 20% increase since the beginning of the month, GameStop shares saw significant fluctuations in the last 10 sessions. 'Roaring Kitty' sold off his call options and increased his holdings to over nine million shares, valued at around $250 million, making him one of the company's largest shareholders. This activity, along with heavy trading and increased call options, reflects the ongoing frenzy surrounding GameStop's stock.
Source: YAHOO