What's Going On With GameStop Stock Thursday?
Portfolio Pulse from Adam Eckert
GameStop Corp (NYSE:GME) shares are trading higher on Thursday after a significant drop on Wednesday. The volatility is largely attributed to trader Keith Gill, also known as 'Roaring Kitty,' who has a substantial position in GameStop and has recently returned to social media. Reports suggest Gill may be selling some of his call options, which has led to increased trading activity and speculation.
June 13, 2024 | 1:47 pm
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GameStop shares are experiencing significant volatility due to trader Keith Gill's activities. Gill's large position and potential selling of call options have led to increased trading activity and speculation, causing the stock to rebound after a sharp decline.
The news about Keith Gill's potential selling of call options and his significant position in GameStop has led to increased trading activity and speculation, causing the stock to rebound. This suggests a short-term positive impact on the stock price.
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IMPORTANCE 90
RELEVANCE 100