GameStop Stock Soars as ‘Roaring Kitty’ Post Appears to Show Stake. AMC Up Too.

The fresh rally came after Keith Gill, who goes by Roaring Kitty on X and YouTube and DeepF—Value on Reddit, appeared to post a screenshot that shows a $181.4 million position in GameStop stock and options.

The screenshot, of which Barron’s could not verify the authenticity, shows an account that holds five million GameStop shares, worth $115.7 million. The shares were purchased at an average price of $21.27. The stock closed at $23.14 on Friday. The screenshot also shows 120,000 call options that expire on June 21. They represent the right to purchase shares at $20. The options are worth $65.7 million.

On X, Gill also posted a picture of a green “reverse” card from the game Uno. The posts are sure to spark renewed interest in GameStop and other meme stocks. In May, Gill kicked off a frenzy in meme stocks when he posted on his X account for the first time since 2021. He posted a video on May 17 that appeared to be a goodbye.

Gill became a folk hero on Reddit and other corners of the internet for his prescient bullish bets on GameStop when the stock surged to absurd levels in 2021 amid a wave of buying demand from users and funds hoping to squeeze short sellers. The Reddit users organized on the WallStreetBets forum, sharing memes and song parodies touting the movement to buy GameStop shares. They also began rallying around other highly shorted stocks such as AMC.

Prior to the recent post, Gill’s last update on his GameStop position was on April 16, 2021. The screenshot showed he owned $30.94 million in GameStop stock and $3.54 million in cash.

Gill made his new post on the SuperStonk subreddit, which is an offshoot of WallStreetBets that gained followers after WallStreetBets moderators made moves to limit GameStop-centric posts, especially those based on conspiracy theories.

Write to Connor Smith at connor.smith@barrons.com