Kieth Gill (Roaring Kitty) is once again making headlines after his most recent purchase of GameStop shares increased his holdings to 9 million shares, making Gill the company’s fourth-largest shareholder – a long-shot from the smokey back-rooms of WallStreetBets.
Roaring Kitty visited Reddit yesterday (June 13) to update his audience on his current GameStop ($GME) holdings.
Keith Gill, who goes by Roaring Kitty and DeepFuckingValue, posted a screenshot showing he is back in the green after GME climbed from under $24 to nearly $30.
Roaring Kitty Takes To Reddit With Latest GameStop Update
Roaring Kitty has posted an update to his GameStop, $GME, position pic.twitter.com/UAKdOkSOkh
— wallstreetbets (@wallstreetbets) June 13, 2024
In this latest update, Gill showed holdings of an additional 5 million GME shares that weren’t visible in his “YOLO update” livestream on Monday.
He may have sold or exercised his $20 call options in GameStop, previously worth $82 million. Another notable change in his update posted to the Superstonk subreddit is the amount of cash on hand listed.
The post shows a current figure of $6.3 million, a sharp decline from $29 million shown earlier in the week.
According to his most recent Reddit post, Roaring Kitty’s GameStop holdings are worth just over $262 million across 9 million shares.
This means Gill’s total gain is +24.37%. While this is impressive, just one week ago, his holdings were worth $586 million, meaning he is down roughly 55% from those highs seven days ago.
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GameStop Flirts With a $30 GME Price Point as Gill Under Fire from SEC Again
$GME GAMESTOP IS NOW BREAKING THE SYSTEM AND IN A MATTER OF MINUTES IT HAS FLOODED WITH OVER $9 MILLION DOLLARS WORTH OF $20 CALLS THAT EXPIRE ON 6/21/24🚨
THIS IS LIKELY ROARING KITTY ADDING TO HIS POSTION; WE SHOULD RECEIVE A POSITION UPDATE SOON🎱
WHOS HODL’ING WITH ME?💎🙌 pic.twitter.com/CTbPzZ45D5
— Mike Investing (@MrMikeInvesting) June 13, 2024
Shares in the video game retailer had increased +14% on Thursday to $29.12, following a pump last week ahead of Roaring Kitty’s return to YouTube live streaming.
The price of GME stock shot to $46.55 upon the live stream announcement before tumbling as low as $24.83 during and following Gill’s live stream one week ago today.
(GMEUSD)
Gill’s resurgence and social-media behavior have reportedly drawn attention from the Securities and Exchange Commission, which had previously investigated his trading behaviour during the 2021 meme stock frenzy.
Back then, the SEC found that there had been no illegal activity, and therefore, no action was taken against Gill. But with his GameStop trading back in the spotlight, the meme stock influencer is likely being monitored by the SEC once again.
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