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Top related persons:
Keith Gill - 2 Gill isn't - 2 Gill - 1 — - 1 That's - 1 he's - 1
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☆ Keith Gill scored a one-day gain of $79 million after disclosing his GameStop stake on Reddit
  + stars: | 2024-06-04 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +2 min
Keith Gill scored a $79 million one-day gain on his GameStop bet on Monday. The massive gains were initially sparked by Gill disclosing his bet on GameStop worth more than $100 million. Monday's trading action in GameStop minted Gill a $33.6 million one-day profit on his stock position, and a $54.3 million gain on his call option stake, bringing his one-day gain to a whopping $79 million. Including total cash of $29.3 million, Gill has a total account value of $289.3 million, and he is also now the fifth largest shareholder in GameStop. The Reddit post came a couple weeks after Gill's "Roaring Kitty" Twitter account posted a deluge of memes and sparked another rally in the meme-stock.
Persons: Keith Gill, Gill, —, That's, Gill isn't Organizations: GameStop, Service, Trade Locations: YOLO, Reddit
☆ GameStop stock surges over 70%—but investors should still be wary of 'meme stocks'
  + stars: | 2024-05-13 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +1 min
Between 2020 and 2021, he became one of the key internet personas who encouraged an army of day traders to heavily invest in GameStop, kicking off the "meme stock" frenzy. And in 2024, it appears that meme stocks are rallying again. Short sellers are individual investors or hedge funds who believe a certain stock's price will decline. If the stock price doesn't fall the way the short sellers anticipated, they can lose money, as happened with GameStop. Investors should also be wary of chasing meme stocks with the expectation of earning a profit.
Persons: Keith Gill, he's, Gill isn't Organizations: GameStop
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