GRAPEVINE, Texas — North Texas-based GameStop shares surged Monday after a Reddit account believed to be linked to meme stock trader Keith Gill, also known by his"Roaring Kitty" social media handle, posted a screenshot of what appeared to be a $116 million stake.Sunday on Reddit using his “DeepF------Value” account that appeared to show a $115.7 million position, as well as an options bet.
Around that same time, his Roaring Kitty account on X, which has 1.4 million followers, posted a photo of an Uno game card that reverses the order of the game.reported, GameStop rallied to nearly $50 per share last month as mentions of the stock rose online before falling to $23.14 as of Friday’s close.
That rally is also at least partially attributed to an account linked to Gill after “Roaring Kitty” posted a series of memes starting May 12 with a photo of a man leaning forward in a chair to post on a cellphone.Wall Street Journal reported, other meme stocks also rallied Monday, with AMC shares jumping 13% early Monday, and Koss advancing more than 6%.Before You Leave, Check This Out
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