GameStopOn June 7, GameStop filed to sell up to 75 million shares of its common stock at its market value of the time of $46.55—which has been inflated over the past couple of months due to GME jumped 14% in early trading this morning, rising from $29.29 at open to a daily high of $33.50. However, it has since cooled to $31.35, marking a 3% rise on the day since Tuesday’s close.That’s a stark difference to the last time GameStop announced it was selling additional shares. Back in May, GameStop filed to This all comes amid the company being the subject of an internet storm stirred up by Gill, better known as Kitty didn’t reach that peak, however, after a He hasn’t disappeared like last time, however. Instead he’s continued to post Some fans and GameStop traders are getting antsy without a daily holdings disclosure on Tuesday, questioning whether he’s still holding his position or has made a move—but a cryptic Twitter post injected hope into the community. pic.twitter.com/Ydduqqw0dC— Roaring Kitty (@TheRoaringKitty) June 12, 2024The GameStop bull posted a meme from the U.S. version of the popular sitcom “The Office” of a young Michael Scott shaking his boss’s hand. This meme, as Like many of Some traders have speculated that it’s a sign that Gill is joining the GameStop board. This comes after an That’s purely speculation for now. But Gill has become the unofficial face of the company amid the meme stock movement, and has driven substantial value to the share price amid his bull posting in 2020/2021 and again lately.And with a claimed holding of 5 million shares, Gill is one of the largest GME holders, beaten only by a handful of institutional holders and mutual funds as of Edited by Andrew HaywardDisclaimerThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
