The meme stock champion, whose real name is Keith Gill, held onto his positions of 5 million GameStop common shares and 120,000 call options. If his position is in the money, many suspect that Gill won't have the capital to exercise the options and E-Trade may have to intervene.
Citron Research no longer has a short position in retail traders' favorite GameStop , the short seller said on X.com on Wednesday, days after taking a bearish position in the company.
GameStop Corp. (GME, Financial) is known as a “meme” stock. Who knows what that really means?
The retailer announced it completed an at-the-market equity offering, selling the maximum number of 75 million shares to raise proceeds of $2.14 billion.
The Reddit community WallStreetBets is synonymous with the meme stock movement. A distinguishing feature of this online community is its members' preference for stocks that have a high short-selling risk.
GameStop Corp (NYSE:GME) raised over $2.1 billion of new cash from its at-the-market share sale earlier this month, after its stock was boosted by social media posts from 'meme stock' trader known as Roaring Kitty. The Texas-headquartered video games retailer told investors last week that it had issued the appropriate filing with the US financial regulator to sell up to 75 million shares on the open market.
Generally speaking, there are lots of good reasons to consider investing in growth stocks right now. The primary factor is the expectation of rate cuts at some point this year.
GameStop says it raised around $2.14 billion from a share-sale program.
GameStop Corp. said it raised around $2.14 billion in a share sale, with the videogame retailer and meme stock saying it may use the proceeds for mergers and acquisitions.
Shares of GameStop Corporation GME options owned by Keith Gill, aka Roaring Kitty, are set to expire in the coming weeks.
Influential trader Keith Gill, also known as Roaring Kitty, appeared to be holding his position in GameStop Corp. as shares of the videogame retailer and original meme stock rallied after sliding in premarket trading.
June 21 will be an extremely interesting day for GameStop (NYSE: GME ), as that marks the day when Roaring Kitty's GME options expire. Yesterday, Roaring Kitty — whose real name is Keith Gill — posted another position update on Reddit.