Roaring Kitty rockets GameStop stock with post revealing $116 million stake
By Simone Del Rosario (Business Correspondent), Brent Jabbour (Senior Producer), Emma Stoltzfus (Video Editor)
GameStop’s stock surged again on Monday, June 3, after meme stock master Keith Gill took to Reddit to share a snapshot of what appeared to be a $116 million stake in the company. The video game retailer’s share price went up more than 80% premarket before settling roughly 30% higher on the day.
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GameStop shares soar as ‘Roaring Kitty’ reveals $116m bet in Reddit post
Click to see story on The GuardianGameStop shares surge again as Roaring Kitty teases $116m meme stock portfolio
Click to see story on The IndependentGameStop leaps as Roaring Kitty may hold large position
Click to see story on Associated Press NewsGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on abc NewsGameStop shares surge after meme stock influencer reveals $116 million bet
Click to see story on CNNGameStop spikes 80% after ‘Roaring Kitty’ signals $116 million stake
Click to see story on The Washington PostGameStop shares soar after “Roaring Kitty” reveals $116 million stake
Click to see story on CBS NewsGameStop Shares Surge After Gill Post Shows $116 Million Bet
Click to see story on BloombergGameStop’s stock almost doubles premarket after Roaring Kitty reveals his $116 million stake
Click to see story on Business InsiderGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Coast ReporterGameStop leaps as Roaring Kitty may hold large position
Click to see story on Sask TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Flin Flon ReminderGameStop stock jumps as ‘Roaring Kitty’ shows big bet in Reddit post
Click to see story on Al JazeeraGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Star TribuneGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Rocky Mountain OutlookGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 6 PhiladelphiaGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 13 HoustonGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc11 RaleighGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 7 NewsGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc30 NewsGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on SooToday.comGameStop leaps as Roaring Kitty may hold large position
Click to see story on Barrie TodayGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on KRDOGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on KIFIGameStop shares jump 30% after ‘Roaring Kitty’ trader posts account showing $116 million position
Click to see story on CNBCGameStop soars 90% after super bull Keith Gill’s Reddit post shows $116 million bet
Click to see story on Channel News AsiaGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on KVIAGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Winnipeg Free PressGameStop stock resurgent as influencer Roaring Kitty places $116m bet on retailer
Click to see story on Sky News UKGameStop shares soar in premarket as ‘Roaring Kitty’ posts apparent $116M position
Click to see story on UPIGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Washington Top NewsGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on WPLGGameStop soars as ‘Roaring Kitty’ reveals US$116-milllion bet in Reddit post
Click to see story on The Globe & MailGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 7 ChicagoGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 7 LAGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 7 NYGameStop Shares Skyrocket After Meme Stock Legend ‘Roaring Kitty’ Shows Off $116 Million Bet
Click to see story on ForbesRoaring Kitty post appears to show a big stake in GameStop
Click to see story on MarketWatchGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on KOB 4GameStop shares jump 103% as meme stock Reddit driver DeepF— Value posted an apparent $116 million position
Click to see story on FortuneGameStop shares surge after meme stock influencer reveals $116 million bet
Click to see story on KWWLGameStop leaps as Roaring Kitty may hold shares worth millions
Click to see story on KCRGGameStop leaps as Roaring Kitty may hold large position
Click to see story on City NewsNorth Texas-based GameStop stocks surge after “Roaring Kitty” indicates nearly $116M stake
Click to see story on WFAA 8abcGameStop Stock in Fresh Rally as ‘Roaring Kitty’ Post Appears to Show Big Holding
Click to see story on Barron'sGameStop stock just doubled after ‘Roaring Kitty’ revealed a $116 million bet
Click to see story on QuartzGameStop shares soar more than 80% after ‘Roaring Kitty’ reveals $116M bet
Click to see story on New York PostGameStop leaps as Roaring Kitty may hold large position
Click to see story on National PostGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Financial PostGameStop surges as Roaring Kitty reveals $116M bet; other meme stocks rally
Click to see story on Seeking AlphaGameStop shares surge after ‘Roaring Kitty’ post
Click to see story on Fox BusinessRight
Untracked Bias
GameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on My Mother LodeGameStop leaps as Roaring Kitty may hold large position
Click to see story on Airdrie City ViewGameStop surges on Wall Street, Roaring Kitty holds 5 million shares
Click to see story on Quotidiano NazionaleGameStop soars 70% after a new message from Roaring Kitty
Click to see story on OKDIARIOGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Orillia MattersGameStop leaps as Roaring Kitty may hold large position
Click to see story on Newmarket TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Midland TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Collingwood TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Thorold TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Elora Fergus TodayGameStop shares jump again, “Roaring Kitty” could be behind it
Click to see story on focus.deGameStop skyrockets 100% in ‘premarket’ after $116 million investment from ‘Roaring Kitty’
Click to see story on Jornal de NegóciosGameStop rallies overnight as Roaring Kitty reveals $180M GME position
Click to see story on CointelegraphGamestop shares soar pre-market after Roaring Kitty reveals $116m holding
Click to see story on City AMReddit: “Roaring Kitty” and the five million GameStop shares.
Click to see story on wiwo.deThe Raging Kitty returns: “RoaringKitty,” the famous trader who helped ignite the meme frenzy in 2021, reveals a $160 million position in GameStop shares and posts a cryptic message. GameStop shares, plus 20%
Click to see story on ZF.roGameStop leaps in premarket as Roaring Kitty may hold large position – The Morning Sun
Click to see story on Morning SunGameStop climbs as ‘Roaring Kitty’ reveals $116 million bet in Reddit post
Click to see story on Blue Water Healthy LivingSolana-based memecoin $GME surges by 300% on Roaring Kitty’s return
Click to see story on Crypto BriefingGameStop stock rockets by almost 100% in premarket
Click to see story on FinboldGameStop leaps as Roaring Kitty may hold large position
Click to see story on Bradford TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Timmins TodayGameStop Jumps 300% As Roaring Kitty Takes Huge GME Call Options
Click to see story on CoingapeRoaring Kitty’s New X Post Pushes GameStop Price by 300%
Click to see story on CryptopolitanGameStop Shares Soar After Keith Gill Announces Acquisition of $116 Million in Stock
Click to see story on כלכליסט- www.calcalist.co.ilGameStop leaps as Roaring Kitty may hold large position
Click to see story on thealbertan.comGill, also known by Roaring Kitty or DeepF—ingValue on Reddit, visited the r/SuperStonk subreddit to share an image that many speculate is his holdings in GameStop.
The image shows 5 million shares in GME valued at $115.7 million as of Friday and a call option with a $20 strike price set to expire June 21.
A call option is a bet that the chosen stock will go above the “strike” price by the expiration date. In this case, if the price goes well above $20 and Gill exercises the option, Gill can collect massive gains after fees.
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The meme-stock movement peaked in early 2021 as retail traders communicating on Reddit invested in companies like GameStop, AMC and RadioShack. GameStop shares exploded more than 1,000% in January 2021, becoming a cultural phenomenon.
Gill’s affinity for the stock manifested in posts on Reddit and his YouTube channel for months before it made headlines.
The GameStop rally with retail traders in the driver’s seat put a short squeeze on some massive hedge funds like Melvin Capital, which had a huge short position on the gaming retailer. The hedge fund lost 49% the first quarter of 2021 and needed a nearly $3 billion injection to help fight off the squeeze.
The situation culminated in retail trading platform Robinhood limiting trading on GameStop. It eventually resulted in congressional hearings and the movie, “Dumb Money.”
Gill disappeared from the public eye for three years before returning with a string of memes in mid-May that sparked a GameStop rally.
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Institutional investors are not exactly fans of meme stocks. Given Gill’s considerable social media influence, people continue to debate whether the posts are, or should be, illegal.
Former Securities Exchange Commission (SEC) Chair Jay Clayton weighed in on the situation last time Gill made news in May.
“It’s not insider trading,” Clayton said in an interview with CNBC.
“He’s trading on his own information, that’s why it’s not insider trading. But is this something that we should be tolerating in our markets? Whether it’s legal or illegal, I don’t think so.”
In Gill’s 2021 testimony to Congress, he reiterated his claim that he is a fan of GameStop and said he had never solicited anyone to buy or sell the stock to make a profit.
While there has been some insistence that these antics are tantamount to market manipulation, it doesn’t appear to meet the SEC’s threshold for such a charge.
[Simone Del Rosario]
GameStop’s stock popped more than 80% before markets opened Monday. But stop me if you’ve heard this before, there are no fundamentals behind the move.
Once again, the latest surge comes courtesy of a post by meme lord Keith Gill, AKA RoaringKitty, AKA deep effing value.
Late Sunday, Gill took to the SuperStonk subreddit to post what users are speculating is his position in the beleaguered video game retailer, and what a position it is.
The image shows 5 million shares worth nearly $116 million last week and 120,000 call options with a $20 strike price set to expire June 21.
A call option bets that a stock will go above the “strike” price by that expiration date. In Gill’s case, if it’s well above $20, he can make a good amount of money after fees. GameStop shares opened at $40 Monday morning.
Gill was an architect of the meme stock craze in 2021, but after a bunch of uproar leading to congressional hearings, documentaries and a feature-length film, he disappeared from the public eye.
But in mid-May, he made his triumphant return on X, posting meme after meme, pushing the GameStop stock to spike 175% before stabilizing.
[Keith Gill]
As for me, I like the stock.
[Simone Del Rosario]
But institutional investors and the like don’t care much for Gill. With his outsized internet influence on meme stock prices, plenty of people are debating whether what he’s doing is illegal or should be illegal. It’s a tough argument to make, he’s not trading on insider information, like I said, there aren’t really fundamentals behind this aside from maybe thinking the stock is undervalued, and he also doesn’t appear to be misleading investors.
Former SEC Chair Jay Clayton weighed in on this the last time Roaring Kitty reared his head a few weeks back.
[Jay Clayton]
“It’s not insider trading. That’s, that’s, that’s clear, and he’s trading on his own information. That’s why it’s not insider trading. But is this, is this something that we should be tolerating in our markets? Whether it’s legal or illegal, I don’t think so. It bothers me. It bothers me on many levels.”
[Simone Del Rosario]
It’s worth pointing out that Clayton says this on a network where people go on TV all the time to say they like a stock.
[Peter in Oklahoma]
“Calling about CEG, Constellation Energy Group, Buy, Sell or Hold.”
[Jim Cramer]
“We like those guys so much, we had em on, this has all the kind of energy I like.
[Simone Del Rosario]
For his part, Gill has long claimed he is just a fan of the company and even pointed out in written testimony that he never solicited anyone to buy or sell the stock for his profit.
Many are crying market manipulation after this latest round. But according to the SEC’s own website, it doesn’t seem to fit the bill. Could you imagine trying to prosecute him in court for posting a drawing of a guy sitting up in a gaming chair?
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
GameStop shares soar as ‘Roaring Kitty’ reveals $116m bet in Reddit post
Click to see story on The GuardianGameStop shares surge again as Roaring Kitty teases $116m meme stock portfolio
Click to see story on The IndependentGameStop leaps as Roaring Kitty may hold large position
Click to see story on Associated Press NewsGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on abc NewsGameStop shares surge after meme stock influencer reveals $116 million bet
Click to see story on CNNGameStop spikes 80% after ‘Roaring Kitty’ signals $116 million stake
Click to see story on The Washington PostGameStop shares soar after “Roaring Kitty” reveals $116 million stake
Click to see story on CBS NewsGameStop Shares Surge After Gill Post Shows $116 Million Bet
Click to see story on BloombergGameStop’s stock almost doubles premarket after Roaring Kitty reveals his $116 million stake
Click to see story on Business InsiderGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Coast ReporterGameStop leaps as Roaring Kitty may hold large position
Click to see story on Sask TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Flin Flon ReminderGameStop stock jumps as ‘Roaring Kitty’ shows big bet in Reddit post
Click to see story on Al JazeeraGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Star TribuneGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Rocky Mountain OutlookGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 6 PhiladelphiaGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 13 HoustonGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc11 RaleighGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 7 NewsGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc30 NewsGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on SooToday.comGameStop leaps as Roaring Kitty may hold large position
Click to see story on Barrie TodayGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on KRDOGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on KIFIGameStop shares jump 30% after ‘Roaring Kitty’ trader posts account showing $116 million position
Click to see story on CNBCGameStop soars 90% after super bull Keith Gill’s Reddit post shows $116 million bet
Click to see story on Channel News AsiaGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on KVIAGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Winnipeg Free PressGameStop stock resurgent as influencer Roaring Kitty places $116m bet on retailer
Click to see story on Sky News UKGameStop shares soar in premarket as ‘Roaring Kitty’ posts apparent $116M position
Click to see story on UPIGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Washington Top NewsGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on WPLGGameStop soars as ‘Roaring Kitty’ reveals US$116-milllion bet in Reddit post
Click to see story on The Globe & MailGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 7 ChicagoGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 7 LAGameStop stock price surges 73% after meme stock influencer reveals $116M bet
Click to see story on abc 7 NYGameStop Shares Skyrocket After Meme Stock Legend ‘Roaring Kitty’ Shows Off $116 Million Bet
Click to see story on ForbesRoaring Kitty post appears to show a big stake in GameStop
Click to see story on MarketWatchGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on KOB 4GameStop shares jump 103% as meme stock Reddit driver DeepF— Value posted an apparent $116 million position
Click to see story on FortuneGameStop shares surge after meme stock influencer reveals $116 million bet
Click to see story on KWWLGameStop leaps as Roaring Kitty may hold shares worth millions
Click to see story on KCRGGameStop leaps as Roaring Kitty may hold large position
Click to see story on City NewsNorth Texas-based GameStop stocks surge after “Roaring Kitty” indicates nearly $116M stake
Click to see story on WFAA 8abcGameStop Stock in Fresh Rally as ‘Roaring Kitty’ Post Appears to Show Big Holding
Click to see story on Barron'sGameStop stock just doubled after ‘Roaring Kitty’ revealed a $116 million bet
Click to see story on QuartzGameStop shares soar more than 80% after ‘Roaring Kitty’ reveals $116M bet
Click to see story on New York PostGameStop leaps as Roaring Kitty may hold large position
Click to see story on National PostGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Financial PostGameStop surges as Roaring Kitty reveals $116M bet; other meme stocks rally
Click to see story on Seeking AlphaGameStop shares surge after ‘Roaring Kitty’ post
Click to see story on Fox BusinessRight
Untracked Bias
GameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on My Mother LodeGameStop leaps as Roaring Kitty may hold large position
Click to see story on Airdrie City ViewGameStop surges on Wall Street, Roaring Kitty holds 5 million shares
Click to see story on Quotidiano NazionaleGameStop soars 70% after a new message from Roaring Kitty
Click to see story on OKDIARIOGameStop leaps in premarket as Roaring Kitty may hold large position
Click to see story on Orillia MattersGameStop leaps as Roaring Kitty may hold large position
Click to see story on Newmarket TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Midland TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Collingwood TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Thorold TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Elora Fergus TodayGameStop shares jump again, “Roaring Kitty” could be behind it
Click to see story on focus.deGameStop skyrockets 100% in ‘premarket’ after $116 million investment from ‘Roaring Kitty’
Click to see story on Jornal de NegóciosGameStop rallies overnight as Roaring Kitty reveals $180M GME position
Click to see story on CointelegraphGamestop shares soar pre-market after Roaring Kitty reveals $116m holding
Click to see story on City AMReddit: “Roaring Kitty” and the five million GameStop shares.
Click to see story on wiwo.deThe Raging Kitty returns: “RoaringKitty,” the famous trader who helped ignite the meme frenzy in 2021, reveals a $160 million position in GameStop shares and posts a cryptic message. GameStop shares, plus 20%
Click to see story on ZF.roGameStop leaps in premarket as Roaring Kitty may hold large position – The Morning Sun
Click to see story on Morning SunGameStop climbs as ‘Roaring Kitty’ reveals $116 million bet in Reddit post
Click to see story on Blue Water Healthy LivingSolana-based memecoin $GME surges by 300% on Roaring Kitty’s return
Click to see story on Crypto BriefingGameStop stock rockets by almost 100% in premarket
Click to see story on FinboldGameStop leaps as Roaring Kitty may hold large position
Click to see story on Bradford TodayGameStop leaps as Roaring Kitty may hold large position
Click to see story on Timmins TodayGameStop Jumps 300% As Roaring Kitty Takes Huge GME Call Options
Click to see story on CoingapeRoaring Kitty’s New X Post Pushes GameStop Price by 300%
Click to see story on CryptopolitanGameStop Shares Soar After Keith Gill Announces Acquisition of $116 Million in Stock
Click to see story on כלכליסט- www.calcalist.co.ilGameStop leaps as Roaring Kitty may hold large position
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