GameStop Shares Skyrocket After 'Roaring Kitty' Reveals $116M Bet

1 min read
Source: Fox Business
GameStop Shares Skyrocket After 'Roaring Kitty' Reveals $116M Bet
Photo: Fox Business
TL;DR Summary

GameStop shares surged over 30% after retail investor Keith Gill, known as "Roaring Kitty," posted a screenshot showing significant holdings in GameStop stock and call options. This sparked a buying frenzy among Reddit users and other retail investors, reminiscent of the 2021 surge. GameStop co-founder Gary Kusin noted the strong loyalty of the company's fans despite Wall Street's view that the stock is overvalued.

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