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Shares jumped Monday morning One famous Reddit user clearly still likes the stock

After Friday’s close of trading, Keith Gill, the retail investor known as Roaring Kitty, posted his first update to his GameStop inventory (ticker: GME) on Reddit since February 3, when he stopped giving daily updates

Based on his post, he’s still holding 500 calls worth $ 12 on Aug. April, but his total inventory at GameStop was up to 100000 shares of 50000 in the previous update His cash balance had dropped to about $ 119 million from $ 138 million, which means he could have bought the new shares at an average price of around $ 3870

Of course, Gill stated that he still believed in GameStop’s long-term prospects during Thursday’s House Committee on Financial Services hearing. that Chewy was a co-founder
Ryan Cohen
can help the retailer get back on their feet as a digital dandy

Gill was greeted on Reddit like a decorated general returning from a distant conquest. “I’m really in love with this man,” was one of the top rated comments on the “THE KING IS BACK” thread, another user wrote

GameStop stock actually showed up outside of trading hours on Friday, but earnings accelerated Monday morning. The stock rose 16% to $ 4725 just before 10 am. The stock was up 1 month from the previous month179% but was 90% below its intraday high in last month’s chaos. Of course, a 16% move is relatively small potatoes compared to some actions last month

The company’s fourth quarter ended on January 30, and the company has not yet indicated when to report results. Fiscal fourth quarter results were released in late March last year

The share price began on January 11 when the company announced that Cohen and two other former Chewy executives would join its board of directors 309% showed disappointing analysts

even though total sales decreased by 3.1%

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GME stock

World News – USA – GameStop stock bounces as ‘Roaring Kitty’ weighs