Roaring Kitty Claws Back: GameStop Stock Pops On Position Update From Keith Gill — What You Need To Know
Portfolio Pulse from Adam Eckert
GameStop shares surged after Keith Gill, known as Roaring Kitty, updated his position on Reddit, showing he now holds over 9 million shares. The stock had previously fallen due to speculation that Gill was selling call options. GameStop's annual shareholder meeting was rescheduled due to high traffic causing a server crash.
June 13, 2024 | 8:46 pm
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GameStop shares surged after Keith Gill revealed he holds over 9 million shares, reversing earlier losses due to speculation of call option sales. The annual shareholder meeting was rescheduled due to a server crash.
Keith Gill's significant position update is likely to boost investor confidence and drive short-term price increases. The rescheduling of the annual shareholder meeting due to high interest also indicates strong investor engagement.
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IMPORTANCE 90
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