The meme stock GameStop rallied again Monday on speculation that Keith Gill, the man who inspired 2021's epic short squeeze, could have a huge position in the video game retailer. Shares were last about 50% higher, trading above $34 apiece. Gill, known as Roaring Kitty on YouTube and X, reappeared Sunday night, posting a screenshot suggesting he holds 5 million shares and 120,000 call options in GameStop. Gill's recent return to social media has sparked buying frenzies among amateur traders, leading to a more than doubling GameStop's share price in May alone. GameStop took advantage of this rally by raising over $900 million in a stock sale.
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00:00 It's Benzinga, and here's what's on the block.
00:02 Meme stock GameStop rallied again on Monday on speculation that Keith Gill,
00:06 the man who inspired 2021's epic short squeeze, could have a huge position in the video game
00:12 retailer. Shares were last about 50% higher, trading above $34 apiece. Gill, known as Roaring
00:19 Kitty on YouTubeNX, reappeared Sunday night, posting a screenshot suggesting he holds 5
00:24 million shares and 120,000 call options in GameStop. Gill's recent return to social media
00:30 has sparked buying frenzies among amateur traders, leading to a more than doubling of GameStop's
00:35 share price in May alone. GameStop took advantage of this rally by raising over $900 million in a
00:41 stock sale. For all things money, visit Benzinga.com.