Bussiness
GameStop shares surge after ‘Roaring Kitty’ post
GameStop co-founder Gary Kusin explains what CEO Ryan Cohen needs to do to clean up shop and turn around the company.
GameStop shares soared more than 70% in premarket trading on Monday after a new post from retail investor “Roaring Kitty.”
The screenshot posted on Sunday by Roaring Kitty, also known as Keith Gill, showed a GameStop holding of 5 million, or 1.8% of its publicly available stock. It also showed $65.7 million worth of GameStop call options, typically bought to express a bullish view, expiring on June 21 at a strike price of $20.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP. | 23.12 | +0.52 | +2.29% |
And on X he also posted a reverse green card from the game Uno. While he didn’t specific the meaning, per reports, in the meme stock world it can signal a comeback.
In May, Gill returned to social media after a three-year hiatus with a post depicting what appeared to be a gamer sitting on a chair. That post caused shares to surge more than 134% in two days.
Reuters contributed to this report.
The latest jobs in search marketing
Deloitte Ports and Freight Yearbook 2024: DAESCHI mid-year update | Infrastructure | Deloitte New Zealand
Dow soars more than 700 points to close at another record high
Albares reiterates Foreign Ministry recommendations to “travel safely” on holidays
Let’s take this offline: why indie fashion boutiques are back in fashion
:max_bytes(150000):strip_icc()/roundup-writereditor-loved-deals-tout-f5de51f85de145b2b1eb99cdb7b6cb84.jpg "I’m a Travel Writer, and Out of the 5 Million Prime Day Deals on Site, These Are the 12 I’m Shopping")
I’m a Travel Writer, and Out of the 5 Million Prime Day Deals on Site, These Are the 12 I’m Shopping
Military Installation Job Fairs: Setting Realistic Expectations for Veterans
Shooting at Baltimore’s Westside Shopping Center leaves man dead, two injured
Cybersecurity jobs available right now: July 17, 2024 – Help Net Security
