Citron Research founder Andrew Left is back to shorting GameStop (NYSE: GME ) after realizing a significant loss in 2021 doing the same thing. In fact, he shorted GME stock last month following the return of Roaring Kitty on social media but closed his position, only to restart it again.
GameStop is back in the limelight after a hiatus of three years with the return of social media influencer "Roaring Kitty" Keith Gill, a key figure in the Reddit-driven "meme stock" rally of 2021.
Shares of GameStop (NYSE: GME ) stock are in the red today despite a position update from Roaring Kitty on Reddit. Over the weekend, an account associated with Roaring Kitty — real name Keith Gill — posted a screenshot disclosing ownership of 5 million shares of GME as well as 120,000 $20 GME calls expiring on June 21.
GameStop champion Keith Gill saw his positions in GameStop balloon from $53,000 in 2019 to over $289 million.
Andrew Left, the founder of Citron Research, is again betting against retail investors' favorite GameStop , which is back in the limelight after super-bull "Roaring Kitty" Keith Gill resurfaced online following a three-year hiatus.
The Massachusetts securities regulator is probing the trading activities of GameStop investor Keith Gill, who gained notoriety as stocks influencer "Roaring Kitty" during the 2021 meme stock frenzy.
Morgan Stanley's (NYSE: MS ) E*Trade unit is considering banning Keith Gill, also known as Roaring Kitty, from its trading platform. Gill reignited the meme stock craze this May after buying call options in GameStop (NYSE: GME ) stock and bragging about a 5 million share position on Reddit.
Zacks.com users have recently been watching GameStop (GME) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
If you're curious about the legitimacy of WallStreetBets stock picks, you've come to the right place. Three of the worst WallStreetBets stock picks you can own are GameStop (NYSE: GME ).
The latest meme-stock rally, which sent shares of GameStop Corp. soaring again, has been fueled by “baseless speculation” and “speculative resonance,” according to Dan Raju, the chief executive of cloud-based financial-services provider Tradier.
Both stocks had soared after a Reddit account tied to Keith Gill, known as Roaring Kitty, posted what appeared to be his position in Game Stop.
"Roaring Kitty" Keith Gill, the stock influencer behind the 2021 meme stock frenzy, may be sitting on a paper profit of tens of millions of dollars on his position in GameStop options, but reaping those gains might not be easy.