GameStop co-founder Gary Kusin explains what CEO Ryan Cohen needs to do to clean up shop and turn around the company.
GameStop shares soared more than 70% in premarket trading on Monday after a new post from retail investor “Roaring Kitty.”
The screenshot posted on Sunday by Roaring Kitty, also known as Keith Gill, showed a GameStop holding of 5 million, or 1.8% of its publicly available stock. It also showed $65.7 million worth of GameStop call options, typically bought to express a bullish view, expiring on June 21 at a strike price of $20.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP. | 23.12 | +0.52 | +2.29% |
And on X he also posted a reverse green card from the game Uno. While he didn’t specific the meaning, per reports, in the meme stock world it can signal a comeback.
In May, Gill returned to social media after a three-year hiatus with a post depicting what appeared to be a gamer sitting on a chair. That post caused shares to surge more than 134% in two days.
Reuters contributed to this report.
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Source Link: https://www.foxbusiness.com/markets/gamestop-shares-surge-after-roaring-kitty-post.amp
GameStop shares surge after ‘Roaring Kitty’ post:
GameStop co-founder Gary Kusin explains what CEO Ryan Cohen needs to do to clean up shop and turn…
