Ross Gerber Says 'Something Smells Stinky In The Kitty Litter' After GameStop Surges On Roaring Kitty Revelation
Portfolio Pulse from Benzinga Neuro
Ross Gerber, CEO of Gerber Kawasaki, expressed concerns about GameStop (NYSE:GME) on X, following a significant surge in the stock driven by Keith Gill's (Roaring Kitty) large position reveal. Citron Research and Jim Cramer also commented on the situation, with Cramer advising investors to take profits.
June 04, 2024 | 3:27 am
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GameStop's stock surged 21% after Keith Gill revealed a massive position, but Ross Gerber and Citron Research raised concerns about potential manipulation. Jim Cramer advised taking profits.
The significant surge in GameStop's stock price is driven by Keith Gill's large position reveal, which has a strong influence on retail investors. However, concerns raised by Ross Gerber and Citron Research about potential manipulation, along with Jim Cramer's advice to take profits, could introduce volatility and caution among investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100