David Malan/DigitalVision via Getty ImagesI woke up from a deep sleep this morning to a flurry of text messages. As is sometimes the case, all of them were about GameStop (NYSE:GME), which surged more than 70% this morning. The news? Massachusetts-based meme stock trader Keith Gill, a.k.a. "Roaring Kitty," posted some screenshots on Reddit showing that his account is nearly all-in for $175 million. That's a huge bet, and the news quickly went viral. Data by YChartsRoaring Kitty Is Back After weeks of cr ...

Efficient Market Hypothesis (EMH) is a market thesis is a market hypothesis taught in higher education that suggests that equity markets are efficient, are a zero-sum game, and are “priced to perfection” – leaving no room for excess profits. However, investors do not need to look very far to debunk the faulty hypothesis. GameStop & Meme Stock Mania: Markets Not EfficientGameStop ((GME) was up more than 50% this morning after Internet personality “Roaring Kitty” tweeted Sunday night that he owns over $100 mi ...

The stock market influencer behind the so-called meme stock frenzy of 2021 has triggered a fresh surge in shares of GameStop, the struggling US videogame retailer.Keith Gill, who goes by the name Roaring Kitty online, revealed a $116m (£90.8m) position in GameStop on Sunday. Gill told his followers he controlled 1.8% of GameStop's available stock - a holding of five million shares - plus call options that gave him the right to buy more later this month.Money latest:HSBC announces mortgage rate increasesA re ...

Following Roaring Kitty’s initial return on X (formerly Twitter), shares of GameStop (NYSE:GME) surged higher before later cooling back down. However, it appears that Roaring Kitty, who’s real name is Keith Gill, isn’t finished just yet.Over the weekend, a Reddit account associated with Gill posted for the first time since April 2021. The post, titled “GME YOLO update – June 2 2024,” revealed that Gill had a total of $181.40 million in GameStop. $115.70 million consisted of 5 million GME shares purchased at ...

Roaring Kitty, real name Keith Gill — the well-known Reddit user who helped ignite the 2021 short squeeze of GameStop (NYSE:GME) stock — is sparking interest in meme stocks again today. Last night, Gill shared a post on Reddit which appears to show that he now owns 5 million shares of GME stock.As of this writing, GameStop stock is rocketing 25% higher, although it was up 75% earlier today. A number of other meme stocks are also climbing on the news.Roaring Kitty’s Latest MovesAssuming that the screenshot i ...

Meme stock mania is so back, and Suspect No.1 is at play. The shares of GameStop Corp (NYSE:GME) are up 70.9% to trade at $39.54 at last check, after Keith Gill -- who is behind social media profile Roaring Kitty and instigated the retail trading frenzy of 2021 -- posted on Reddit (RDDT) under the username DeepF------Value.The post includes a screenshot of an account holding a $116 million GME position, with 120,000 June 20-strike calls bought for about $5.68 each, as well as 5 million shares. It remains un ...

Key PointsShort interest has risen recently for these three stocks, giving them a high probability of breaking out to new highs.Backed by the fundamental thesis around their businesses, analysts have stepped up to back their potential rallies.Monitor what investors need for their portfolios in today's economy.5 stocks we like better than Sprouts Farmers MarketWhenever stocks reach a higher than usual short interest, investors could benefit from keeping a close eye on the future prospects for those stocks. T ...

Keith Gill, who calls himself Roaring Kitty online, has posted to Reddit that he has a $116 million position in GameStop (NYSE:GME), roughly 5 million shares. Gill also bought calls in GME stock at $20.GME stock rose 80% in pre-market trading, and other meme stocks rose as well. It was trading at about $41 per share at 8:30 a.m., with a market capitalization of over $14 billion.Other “meme stocks” rose in sympathy. AMC Entertainment (NYSE:AMC) was up about 20%. Virgin Galactic (NASDAQ:SPCE) rose 9%.Game OnM ...

Though GameStop (NYSE: GME) took greater advantage of the resurgence sparked by the meme stock craze of late 2020 and early 2021 than many companies in a similar position, it has, nonetheless, been on a path of decline for much of the previous three years.This downtrend rapidly shifted in May 2024, and GME stock was turbocharged by Keith Gill – also known as Roaring Kitty and DeepF*uckingValue on social media – returning to the scene with a series of cryptic posts on X.Gill’s return, given that he was one o ...

Shares of GameStop soared by more than 80% in pre-market trading on Monday after meme stock day trader “Roaring Kitty” posted a chart on Reddit showing that he had placed a $116 million bet on the embattled video game retailer.“Roaring Kitty,” whose legal name is Keith Gill, took to Reddit and authored a post from his official account for the first time in three years.Gill, who is known on Reddit as “DeepF–kingValue” and who goes by “Roaring Kitty” on X and YouTube, posted a screenshot of what is believed t ...