GameStop shares rose 70% after Roaring Kitty's position was revealed

On June 3, the quotations of GameStop (GME) securities on the Robinhood premarket jumped by 70% after it became known about Keith Gill's position at $ 180 million. 

Gill is a former financial analyst and member of the WallStreetBets subreddit, known by the nickname The Roaring Kitty. In 2020, he unleashed a "war" of retail traders against Wall Street. 

At night, he posted a screenshot of his investments in GME on Reddit. According to the publication, he bought 5 million GME for $115.7 million and invested $65.7 in a call option, betting that by June 21 the shares would be worth at least $20.

Gil's post. Data: Reddit.

Gil has already earned more than $9.3 million in a regular position, but has a loss of $2.5 million on options. 

The trader also posted a green "reversal card" from the UNO board game on X.

pic.twitter.com/zUuccrKWZr

— Roaring Kitty (@TheRoaringKitty) June 3, 2024

This was in addition to a series of mysterious meme posts on the social network since his unexpected return in May, when shares of GameStop and AMC rose by more than 75%.

At the end of the month, meme tokens inspired by this story also jumped. GME and KITTY coins rose in price by 19% and 55%, respectively, along with GameStop shares, which added about 25%.

Over the past day, against the background of a recent squiz, the GME meme coin has grown even more - by 238%, and KITTY quotes have added almost 400%. 

According to Google Finance, on May 31, GameStop shares closed at $22.6, but after the weekend, their price had already reached $39 before the opening of the trading session. 

GME quotes. Data: Google Finance. 

Recall that on May 13, the trader received a 32-fold profit on the KITTY meme token after waking up The Roaring Kitty.