{"id":14010,"date":"2024-06-03T13:00:39","date_gmt":"2024-06-03T10:00:39","guid":{"rendered":"https:\/\/forklog.com\/en\/gamestop-shares-surge-70-following-roaring-kittys-investment-revelation\/"},"modified":"2024-06-03T13:00:39","modified_gmt":"2024-06-03T10:00:39","slug":"gamestop-shares-surge-70-following-roaring-kittys-investment-revelation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/gamestop-shares-surge-70-following-roaring-kittys-investment-revelation\/","title":{"rendered":"GameStop Shares Surge 70% Following Roaring Kitty&#8217;s Investment Revelation"},"content":{"rendered":"<p>On June 3, GameStop (GME) shares on the <a href=\"https:\/\/robinhood.com\/us\/en\/stocks\/GME\/\">Robinhood pre-market<\/a> soared by 70% after Keith Gill&#8217;s $180 million position was disclosed.\u00a0<\/p>\n<p>Gill, a former financial analyst and member of the WallStreetBets subreddit, is known by the alias The Roaring Kitty. In 2020, he spearheaded a retail traders&#8217; &#8220;war&#8221; against Wall Street.\u00a0<\/p>\n<p>Overnight, he posted a screenshot of his GME investments on Reddit. According to the post, Gill purchased 5 million GME shares for $115.7 million and invested $65.7 million in a call option, betting the stock would reach at least $20 by June 21.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/fjQsD58p0BMUrVQ-DDgv5lABhuyReVEcBgHvFTKKEb5ZZXbFo8hWui2ZnchVfUMID7bINU1im1obQi96MByWVvXfkDGrUYoskbWTyfQnjHcVvPS4rKueI2len-Hy4RhzIncPvSpEGrWgxagtjzq-0Xk\" alt=\"\u0410\u043a\u0446\u0438\u0438 GameStop \u0432\u044b\u0440\u043e\u0441\u043b\u0438 \u043d\u0430 70% \u043f\u043e\u0441\u043b\u0435 \u0440\u0430\u0441\u043a\u0440\u044b\u0442\u0438\u044f \u043f\u043e\u0437\u0438\u0446\u0438\u0438 Roaring Kitty\"\/><figcaption class=\"wp-element-caption\">Gill&#8217;s post. Source: <a href=\"https:\/\/www.reddit.com\/r\/Superstonk\/comments\/1d6r5vp\/gme_yolo_update_june_2_2024\/\">Reddit<\/a>.<\/figcaption><\/figure>\n<p>On his regular position, Gill has already earned over $9.3 million, though he faces a $2.5 million loss on the options.\u00a0<\/p>\n<p>The trader also shared a green &#8220;reverse card&#8221; from the UNO board game on X.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/zUuccrKWZr\">pic.twitter.com\/zUuccrKWZr<\/a><\/p>\n<p>\u2014 Roaring Kitty (@TheRoaringKitty) <a href=\"https:\/\/twitter.com\/TheRoaringKitty\/status\/1797418617908154621?ref_src=twsrc%5Etfw\">June 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This added to a series of cryptic meme posts on social media since his <a href=\"https:\/\/forklog.com\/en\/news\/the-roaring-kittys-return-sparks-amc-and-gamestop-stock-rally\">unexpected return<\/a> in May, when GameStop and AMC shares rose by more than 75%.<\/p>\n<p>By the end of the month, meme tokens inspired by this saga also surged. GME and KITTY coins <a href=\"https:\/\/forklog.com\/en\/news\/gme-and-kitty-tokens-surge-amid-gamestop-stock-rally\">increased<\/a> by 19% and 55% respectively, alongside GameStop shares, which gained about 25%.<\/p>\n<p>In the past 24 hours, amid the recent squeeze, the GME meme coin surged even further\u2014<a href=\"https:\/\/www.coingecko.com\/en\/coins\/gme\">by 238%<\/a>, while KITTY quotes rose <a href=\"https:\/\/www.coingecko.com\/en\/coins\/roaring-kitty-solana\">nearly 400%<\/a>.\u00a0<\/p>\n<p>According to <a href=\"https:\/\/www.google.com\/finance\/quote\/GME:NYSE\">Google Finance<\/a>, on May 31, GameStop shares closed at $22.6, but after the weekend, their pre-market price had already reached $39.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/KvfDSbZ-QJJuMl7VgP_HPDrm8C2z9Wd6fVXApWrz_j5MKWEguN51Sgc3VAPLVHKVOhtDN6P-8jVcvnpRykmhx8C7mfU4YFx0SJhpJxuk4x1C5we2LfLhUx9jfDLf8wGE1Eq3GIL5EXOCFFkPSQy4OEg\" alt=\"\u0410\u043a\u0446\u0438\u0438 GameStop \u0432\u044b\u0440\u043e\u0441\u043b\u0438 \u043d\u0430 70% \u043f\u043e\u0441\u043b\u0435 \u0440\u0430\u0441\u043a\u0440\u044b\u0442\u0438\u044f \u043f\u043e\u0437\u0438\u0446\u0438\u0438 Roaring Kitty\"\/><figcaption class=\"wp-element-caption\">GME quotes. Source: Google Finance.\u00a0<\/figcaption><\/figure>\n<p>Back on May 13, the trader achieved a <a href=\"https:\/\/forklog.com\/en\/news\/kitty-meme-coin-soars-6000-following-reawakening-of-sleeping-x-account\">32-fold profit<\/a> on the KITTY meme token following The Roaring Kitty&#8217;s reawakening.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 3, GameStop (GME) shares on the Robinhood pre-market soared by 70% after Keith Gill&#8217;s $180 million position was disclosed.\u00a0 Gill, a former financial analyst and member of the WallStreetBets subreddit, is known by the alias The Roaring Kitty. In 2020, he spearheaded a retail traders&#8217; &#8220;war&#8221; against Wall Street.\u00a0 Overnight, he posted a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1243,1161,1211],"class_list":["post-14010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gamestop","tag-memes","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14010"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14009"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}