0.4 C
New York
Friday, December 6, 2024
HomeMarkets
MarketsNewsPerspectives

Who is Roaring Kitty, the Reddit Trader Behind GameStop’s Stock Mania?

By Ilene
0
308
https://observer.com/2024/06/who-is-roaring-kitty-keith-gill-gamestop-stock/

Who is Roaring Kitty, the Reddit Trader Behind GameStop’s Stock Mania?

Gill is credited by retail investors on Reddit as a visionary who saw GameStop’s dramatic stock surge.

By 
 
On May 12, Keith Gill, often referred to by his YouTube and X account name “Roaring Kitty,” posted on social media for the first time in nearly three years: a seemingly benign 
image of a man leaning in while playing a video game. The post somehow sent 
GameStop stock to surge more than 100 percent the next day, bringing to mind its stock rally in early 2021 that kicked start the notorious “meme stock” phenomenon. Three weeks later, yesterday (June 3), Gill revealed in another X post that he held a $116 million bet on GameStop, which caused the stock to surge  21 percent. Gill’s GameStop stake was worth $386 million after the dramatic rally.
 

More here > 

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,413FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x