Shares of GameStop are soaring before the market open on Monday following speculation that the man at the center of the pandemic meme stock craze owns a large number of shares of the video game retailer that may be worth millions. GameStock's stock jumped more than 87% in premarket trading. Keith Gill, better known as “Roaring Kitty" on social media platforms YouTube and X, also goes by the name Deep F- - - - - - Value on Reddit.
Keith Gill, writing on Reddit, posted a screen shot that shows he has a $181.4 million position in the meme favorite.
(Bloomberg) -- GameStop Corp. shares more than doubled after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the game retailer.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Double as Gill Post Shows $116 Million BetHomebuyers Are Starting to Revolt Over Steep Prices Across USMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyNvidia Unveils Next-Generation Ru