GameStop stock skyrockets after Roaring Kitty reveals his $116M stake

• GameStop shares skyrocketed in premarket trading on Monday.
• The surge came after “Roaring Kitty” trader Keith Gill revealed a $116 million position.
• The meme stock also surged last month after Gill broke a three-year social media silence.

GameStop shares surged ahead of Monday’s opening bell after trader Keith Gill, who posts on social media under the aliases “Roaring Kitty” and “DeepFuckingValue,” revealed he holds a $116 million stake in the struggling retailer.

The stock was up 84% in premarket trading shortly before 5:00 a.m. ET after an account snapshot posted on Reddit’s r/SuperStonk forum revealed that Gill holds five million GameStop shares.

Late on Sunday the trader also posted a picture of a reverse “Uno” card on X, which had 56,000 likes at last check.

GameStop also spiked last month after Gill broke a three-year social media silence with a series of cryptic posts, although the so-called meme stock subsequently gave up most of those gains.

Gill hit the headlines in January 2021 when his bullish analyses of GameStop triggered a short squeeze.

He later told the House Financial Services Committee that he was “not a cat.” He was one of the main characters in the 2023 film Dumb Money, where he was portrayed by “The Batman” and “There Will Be Blood” actor Paul Dano.