Home Stock 'Roaring Kitty' buys more shares in GameStop

‘Roaring Kitty’ buys more shares in GameStop


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© Reuters. FILE PHOTO: Financial Services Committee of the US House of Representatives holds hearings on Gamestop, social media and short selling of shares

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(Reuters) – Man called “Roaring Kitty” on social media, whose posts online helped spark January’s frenetic deal in GameStop Corp (NYSE :), exercised a stock option to buy an additional 50,000 shares at an actual price of $ 12, Bloomberg reported.

Bloomberg cites Keith Gill’s portfolio screenshots that show he exercised 500 GameStop call options that expire on Friday, when the stock closes at $ 154.69.

Screenshot was posted by Gill on Reddit, and his mother confirmed the posts with Bloomberg. Reuters was unable to immediately contact Gills for comment on Saturday.

His total investment in GameStop is now worth more than $ 30 million, giving him a profit of nearly $ 20 million, Bloomberg said. Gill has 200,000 shares in the company, the report said.

Gill was a key figure in the so-called “Reddit rally,” which saw GameStop’s shares rise 400% in a week before falling back to pre-bullish levels.

He began sharing his positions on Reddit’s popular Wallstreetbets trading forum in September 2019, posting portfolio screenshots showing he had invested $ 53,000 in GameStop.

At the end of January, Gill, known as “Roaring Kitty” on YouTube and “DeepF *** ingValue” on Reddit, was up more than 4,000% in investments in shares and options within the company. .

Last month, Gill appeared in front of Massachusetts securities regulators to testify as part of an audit of his operations.

Massachusetts Commonwealth Secretary William Galvin, the state’s top securities regulator, subpoenaed Gill, who touted GameStop stock in his spare time while he was a registered broker. and work at MassMutual Insurance Company.

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