Roaring Kitty's Return: What's Going On With Reddit Stock?
Portfolio Pulse from Adam Eckert
Reddit Inc (NYSE:RDDT) shares are trading higher after Keith Gill, known as 'Roaring Kitty,' posted on Reddit for the first time in three years, suggesting a $116 million bet on GameStop Corp (NYSE:GME). Gill's post has sparked renewed interest in meme stocks.
June 03, 2024 | 2:10 pm
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POSITIVE IMPACT
GameStop Corp shares are likely to see increased volatility and potential upward movement after Keith Gill, known as 'Roaring Kitty,' posted about his $116 million bet on the stock.
Keith Gill's significant investment in GameStop is likely to drive renewed interest and buying activity in the stock, leading to potential short-term price increases.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Reddit Inc shares are trading higher after Keith Gill, known as 'Roaring Kitty,' posted on Reddit for the first time in three years, suggesting a $116 million bet on GameStop.
Keith Gill's return and his significant bet on GameStop have reignited interest in meme stocks, positively impacting Reddit's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100