GameStop stock price soars following post by ‘Roaring Kitty’

In a recent post, GameStop co-founder Gary Kusin shared his insights on what CEO Ryan Cohen should do to revamp the company. Following this, GameStop’s shares jumped over 70% in premarket trading on Monday, spurred by a new post by retail investor Keith Gill, also known as “Roaring Kitty”. Gill revealed a considerable GameStop holding of 5 million shares, along with $65.7 million worth of GameStop call options expiring on June 21 at a strike price of $20, indicating a bullish sentiment.

Additionally, Gill posted a reverse green card from the game Uno, which, in the meme stock world, can signify a potential turnaround for GameStop. This post comes after a previous one in May where Gill, after a three-year absence from social media, shared an image of a gamer sitting on a chair, causing GameStop’s shares to surge over 134% in two days.

These developments come amidst ongoing efforts to reshape GameStop and attract investors’ interest. With Kusin’s advice and Gill’s active involvement, GameStop may be on the path to recovery and growth, enticing both retail and institutional investors alike.