Previous Close | 8.40 |
Open | 8.50 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 25.00 |
Expire Date | 2025-01-17 |
Day's Range | 7.27 - 8.59 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
Keith Gill, writing on Reddit, posted a screen shot that shows he has a $181.4 million position in the meme favorite.
(Bloomberg) -- GameStop Corp. shares more than doubled after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the game retailer.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceHomebuyers Are Starting to Revolt Over Steep Prices Across USGameStop Shares Double as Gill Post Shows $116 Million BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyNvidia Unveils Next-Generation Ru
Roughly $390 million worth of GameStop shares had changed hands by 5:53 a.m. ET (0953 GMT), more than the $343 million in Wall Street favourite Nvidia , according to LSEG data. It was the first post in three years from Gill's Reddit account, where screenshots of his bullish GameStop trades had in 2021 triggered a rush of demand for "meme stocks" - often companies with weak fundamentals that gained a cult-like following through social media hype. The screenshot posted on Sunday showed a GameStop holding of 5 million, or 1.8% of its publicly available stock.