Meme stock favourite GameStop is rising again, after a social media post seemingly from the investor known as “Roaring Kitty” claimed a sizeable stake in the video game retailer.
Shares in the firm opened for trade on Monday priced above $40 apiece, up more than 70% from Friday, before later retreating a bit.
The surge followed a screenshot shared by the Reddit account tied to Keith Gill, claiming he owned 5 million GameStop shares – nearly 2% of the firm’s stock – a holding worth more than $100m (£78m).
The post was one of a series in recent weeks that follow a long period of silence from the Roaring Kitty accounts.
The veracity of the post could not be confirmed. Neither Mr Gill nor GameStop responded to emails seeking comment.
Mr Gill became famous in 2021 for inspiring an army of online investors to back GameStop.
It led to an unexpected surge in the struggling firm’s shares, creating a financial squeeze on professional Wall…
