GameStop shares soar as ‘Roaring Kitty’ reveals $116m bet in Reddit post
by Guardian staff and agencies from US news | The Guardian on (#6N8A2)
Roughly $390m worth of GameStop shares had changed hands before 6am ET, following Keith Gill's first Reddit post in three years
GameStop shares rose sharply on Monday after Roaring Kitty" Keith Gill, the man at the heart of a 2021 stock market frenzy around the struggling video gaming chain, returned to Reddit with a post which appeared to show a $116m bet on the chain.
The stock soared by as much as 74%, before losing ground in volatile trading. By mid-morning, it was up by 31%.
Continue reading...