Meme stock GameStop rallied again in premarket trading Monday on speculation Keith Gill could have a huge position in the video game retailer.
It comes after the stock jumped on Robinhood's 24-hour exchange Sunday evening, which allows for trading of certain stocks continuously.rallied again in premarket trading Monday on speculation Keith Gill, the man who inspired 2021's epic short squeeze, could have a huge position in the video game retailer.
Gill, who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube and X, reappeared Sunday night, posting a screenshot of what could be his portfolio holding a significant amount of GameStop common shares and call options. The post was not independently verified by CNBC. Notably, he didn't post on the infamous WallStreetBets chatroom where he posted all of his trade updates at the height of the GameStop mania over three years ago, although the username is the same one used.
Gill's first return to social media three weeks ago sparked an eye-popping rally in GameStop with shares more than doubling in May alone. At the time,GameStop took advantage of the May rally by raising more thanThe investor was a former marketer for Massachusetts Mutual Life Insurance. In 2021, through YouTube videos and Reddit posts, Gill encouraged a band of retail traders to squeeze out short selling hedge funds in GameStop.
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