It was GameStop’s second major rally in as many months, seemingly prompted by social media buzz.
Monday’s surge was driven by a screenshot uploaded to Reddit on Sunday by the account associated with Mr. Gill, after more than three years of inactivity.
The market data provider Unusual Whales posted that there had been a spike in trading for those options.
Adding fuel to the rally was a post to the X account associated with Mr. Gill that featured an image of a reverse card from Uno, the card game.
Followers largely interpreted the picture — in line with the cryptic memes that punctuated Mr. Gill’s social media posts in 2021 — as a rallying cry to bolster GameStop’s stock price, which had fallen after a Roaring Kitty-inspired spike last month.
Persons:
Keith Gill, Kitty, Gill, —
Organizations:
GameStop, Uno