Shares of GameStop Corp. (NYSE:AMC), which have cooled off after a hot rally in mid-May, are ripping higher in premarket trading on Monday.
The resumption of the meme rally came on the back of Keith Gill, also known as “Roaring Kitty,” disclosing on the r/Superstonk Reddit forum a huge position in GameStop.
A screenshot Gill shared on the platform showed he held 5 million GME shares valued at $115.70 million and 120,000 call options worth $65.70 million having a strike price of $20 and exercisable on June 21. The calls were purchased at $5.48 per share.
A social media user also shared the final trading update posted by Roaring Kitty before he went into a social media sabbatical back in April 2021. The trading update, posted on the r/Wallstreetbets Reddit thread, showed Gill owning 200,000 shares valued at $30.94 million at that time.
Late Sunday, Gill also posted a cryptic picture of a reverse card in the game “Uno” on X.
In premarket trading, GameStop soared 89.20% to $43.78, according to Benzinga Pro data. Fellow “meme stock” AMC climbed 30.02% to $5.63.
See Also: Best Meme Stocks
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