Roaring Kitty (real name Keith Gill), the well-known promoter of the GameStop short squeeze incident, has announced that he will live broadcast on his YouTube channel later (at 0:00 on June 8, Taiwan time), which has attracted more than 12,000 people by the time of writing. Wait online.
According to Yahoo Finance data, or affected by this news, GameStop stock (stock code: GME) surged more than 33% in pre-market trading on Friday, and was temporarily trading at about $62 per share as of press time. In addition, according to CoinGecko data, the related meme currency GME has also surged, rising by as much as 155% in the past 24 hours, and was trading at about $0.03 as of the publication of this article.
According to previous reports by Zombit, Roaring Kitty returned to social media in May this year after many years of silence. He first posted a picture of a player leaning forward on a chair on the X platform. In the following days, he posted many well-known videos. Even though the scenes and clips from the drama were not accompanied by any textual narrative of their own, they caused significant fluctuations in the stock price of GameStop. On Monday, Roaring Kitty once again posted on the well-known forum Reddit after three years, suggesting that he may hold GameStop shares and options, which subsequently triggered a second wave of recent gains in GME stock prices and led to short selling of GameStop. Employees face massive losses.
GME shorts may have lost $2.1 billion
Roaring Kitty posted another post on Reddit yesterday (6th). The picture displayed in the post seems to imply that the value of his current GME stock has risen to US$232 million, and its strike price is US$20 and the expiration date is June 21. The value of Japan's GameStop call option rose to US$324 million.
Source: Reddit
The analysis agency "The Kobeissi Letter" pointed out that GME's stock price rose to $67.5 per share in after-hours trading on Thursday. If GME opens at or above this price on Friday, the value of Roaring Kitty's shares will reach approximately $3.25. billion, the option value reaches approximately US$700 million, totaling approximately US$1 billion, which means that the value of his total position will increase by US$850 million.
BREAKING: "Roaring Kitty" is set to be a billionaire as GameStop stock, $GME, surges to $67.50/share in after hours trading.If $GME opens at or above current levels tomorrow, his shares will be worth ~$325 million and options worth ~$700 million for a combined ~$1 billion.… pic.twitter.com/UqnUPoShnv
— The Kobeissi Letter (@KobeissiLetter) June 6, 2024
Additionally, traders shorting GME have lost $2.1 billion today, according to estimates from The Kobeissi Letter, a figure that includes share price movements during the trading session and a more than 30% rise in after-hours trading.
This article The promoter of the GameStop short squeeze event will live broadcast, and GME’s pre-market share price exceeds $60 first appeared on Zombit.
