Resurgence of Roaring Kitty on social media sparks interest in meme stocks like GME and AMC. Consider BUZZ, SFYF, and BLOK ETFs for exposure to trending stocks, but be aware of risks and volatility.
Keith Gill, the trading influencer popularly known as "Roaring Kitty," has accumulated a $262 million stake in GameStop, inciting discussions about market manipulation in the meme-stock era.
After a couple of days with no position updates from Gill, the trader posted a new screenshot to Reddit after the market close on Thursday showing that he is now holding 9.001 million shares of GameStop.
GameStop stock was highly volatile Thursday with the video game retailer postponing their annual shareholder meeting, which came as the result of a server crash from overwhelming demand.
GameStop Corp has successfully concluded an "at-the-market" equity offering, raising approximately $2.14 billion. However, the funding source for this significant transaction has raised eyebrows, with a prominent wealth CEO publicly expressing concerns.
Shares of video game retailer GameStop Corporation (NYSE:GME) have traded higher in recent weeks on optimism from the return of Roaring Kitty (aka Keith Gill) and several share offerings