Ross Gerber Cautions 'Roaring Kitty' Over Short-Term Gamestop Position As He Has Many Enemies: 'He's Got To Sell The Options Soon'
Portfolio Pulse from Benzinga Neuro
Renowned investor Ross Gerber has cautioned Keith Gill, known as 'Roaring Kitty', about his short-term position in GameStop Corp. (NYSE:GME). Gerber's warning follows Gill's disclosure of a $115.7 million stake in GameStop, including $65.7 million in call options expiring on June 21. The revelation has led to a surge in GameStop's stock, but Gerber and others have raised concerns about potential market manipulation.
June 05, 2024 | 12:48 am
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Ross Gerber has warned 'Roaring Kitty' about his short-term position in GameStop, following the disclosure of a $115.7 million stake. This has led to a surge in GameStop's stock, but concerns about potential market manipulation have been raised.
The news has a mixed impact on GameStop's stock. While the disclosure of a large stake by 'Roaring Kitty' has led to a surge in the stock price, concerns raised by Ross Gerber and others about potential market manipulation could create uncertainty and volatility in the short term.
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IMPORTANCE 80
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