When Keith Gill appeared on a YouTube video in the summer of 2020 to discuss GameStop , he argued that the company's future was far rosier than the market expected. Nearly four years later, he remains bullish, even if most of his key predictions have gone unfulfilled.
A selloff in GameStop shares on Wednesday corresponded with a surge in volume for call options believed to be owned by Keith Gill, better known by his online handles “Roaring Kitty” and “DeepF—ingValue.”
A surge of trading in some short-dated GameStop options contracts on Wednesday suggested to some market participants that Keith Gill, the stock influencer known as Roaring Kitty, may have sold some of his recently-disclosed options position in the company.
The sell-off GameStop shares intensified in afternoon trading, and that coincided with a spike in trading volume in the call options that Roaring Kitty owned.
Yesterday, RC Ventures filed a Schedule 13D documenting its position in GameStop (NYSE: GME ) as of June 10. The investment firm is managed and owned by GameStop CEO Ryan Cohen.
It's been a rather eventful few months for investors in meme stock GameStop (NYSE: GME ). From the return of Roaring Kitty to social media, to a surprise early earnings release and another share issuance from GameStop's management team, GME stock has traded in a rather wild range.
Jim Cramer has declared victory for GameStop Corp GME after the video game retailer announced the completion of its at-the-market equity offering. Cramer believes a transformation could be on the horizon.
The videogame retailer grossed more from two recent stock offerings than from the top line in the last two quarters.
Shares of video game retailer GameStop Corporation GME have traded higher in recent weeks on optimism from the return of Roaring Kitty (aka Keith Gill) and several share offerings raising cash for the company.
GameStop (GME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Roaring Kitty, whose real name is Keith Gill, has indirectly helped GameStop (NYSE: GME ) raise billions of dollars. Following his return to social media on May 12 — which came after a nearly three-year hiatus — GME stock has surged higher by more than 75%.
GameStop (NYSE: GME ) stock just got its price target cut by Wedbush analysts in response to a recent equity offering from the video game retail business. This saw Wedbush analysts cut the firm's price target for GME stock from $13.50 per share to $11 per share.