GameStop Roars Near 100% as Roaring Kitty Posts Massive Position
GMEGameStop(GME) MarketBeat·2024-06-03 20:36

Key Points GameStop (NYSE: GME) surged nearly 100% in pre-market trading following Keith Gill's post of a large position in the company, reminiscent of the 2021 meme stock frenzy. Gill's portfolio reportedly includes 5 million GameStop shares worth 115.7millionand120,000calloptionswitha115.7 million and 120,000 call options with a 20 strike price that expires on June 21st. Despite the excitement, GameStop faces operational challenges and analyst skepticism, with its stock history suggesting caution for long-term investors. 5 stocks we like be ...