GameStop shares ending the week in reverse gear
GameStop’s (NYSE:GME) share price could not be coaxed higher at the tail-end of the week, despite the latest Reddit update from Keith Gill – aka ‘Roaring Kitty’, aka ‘DeepFuckingValue’.
Gill increased his shareholding in GameStop to 9 million shares, according to a screenshot shared via a Reddit post last night.
Also on Thursday, GameStop shares rose by 14% and the company’s AGM was delayed amid “unprecedented demand” from shareholders wishing to attend. It will now take place on Monday.
Gill is also understood to have taken a significant option position in GameStop, also revealed by himself on Reddit earlier this month. According to a screenshot, he had 120,000 call options due for expiry next Thursday.
It continues to be a volatile time in the market for GameStop, which this week closed out a $2 billion ‘at the market’ share sale to investors – in which it offloaded 75 million new shares.
On Friday, GameStop stock was down $1.36 or 4.67% changing hands at $27.76.
