Roaring Kitty's Upcoming Livestream Fuels GameStop Stock Surge: Five Million Shares and 120,000 Call Options

Boston, Massachusetts, Massachusetts United States of America
GameStop shares surge over 40% on Thursday
GameStop's shares have seen significant volatility over the past few months
Gill holds five million shares of GameStop common stock and 120,000 call options
Keith Gill, also known as 'Roaring Kitty', to host livestream event on Friday
Potential increase in Gill's holdings fuels excitement among investors
Roaring Kitty's Upcoming Livestream Fuels GameStop Stock Surge: Five Million Shares and 120,000 Call Options

GameStop shares experienced a significant surge on Thursday, with the stock gaining over 40% in value. The rally was sparked by news that meme stock influencer Keith Gill, also known as 'Roaring Kitty,' would be hosting a livestream event on his YouTube channel for Friday. Gill had previously gained notoriety for his role in the 2021 meme stock mania and was known to hold a substantial stake in GameStop.

According to various sources, as of Thursday night, Gill held five million shares of GameStop common stock and 120,000 call options. If exercised, these call options could bring his total stake in the company to 17 million shares. The potential increase in Gill's holdings has fueled excitement among investors and contributed to the recent surge in GameStop's stock price.

The news of Gill's livestream event came after a period of concern for the investor, as he had paused posting updates on his social media accounts due to worries about market manipulation from his broker, E-Trade. However, with the announcement of the livestream and the subsequent surge in GameStop's stock price, it appears that Gill is once again active in promoting his investment thesis.

GameStop's shares have seen significant volatility over the past few months. In May 2024, the company announced plans to sell as many as 45 million shares of common stock and provided an update on its business, which led to a decline in the stock price. However, with Gill's return and renewed interest in GameStop among investors, the stock has once again gained momentum.

It is important to note that while Gill's influence has contributed to the recent surge in GameStop's stock price, it is essential for investors to approach this situation with caution. Market manipulation concerns and potential volatility should be taken into consideration before making any investment decisions.


Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image

Confidence

91%

Doubts
  • The exact number of shares Gill holds may be subject to change before the livestream event
  • There is a risk that market manipulation concerns could impact the stock price negatively

Sources

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

GameStop shares jump more than 40% as 'Roaring Kitty' schedules YouTube livestream for Friday

CNBC News Yun Li Thursday, 06 June 2024 17:37
  • Unique Points
    • Roaring Kitty held five million shares of GameStop common shares and 120,000 call options as of Thursday night.
    • If exercised, Roaring Kitty’s call options could bring his stake in GameStop to 17 million shares.
    • Roaring Kitty paused posting updates during the week due to concerns about market manipulation from his broker, E-Trade.
    • Roaring Kitty is a former marketer for Massachusetts Mutual Life Insurance and sparked a historic trading mania in 2021 that led to congressional hearings on brokers’ practices and retail trading.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains an appeal to authority fallacy when it mentions the worry that Gill's actions could amount to market manipulation and CNBC's statement that they have not independently verified his holdings. Additionally, there are inflammatory rhetoric in the form of phrases like 'historic trading mania', 'burned short-selling hedge funds', and 'if the stock returns to its May high'. However, no explicit dichotomous depictions were found.
    • CNBC's statement: The worry that what he was doing could amount to market manipulation.
    • The mania in 2021 led to a series of congressional hearings, featuring Gill.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

93%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

GameStop (NYSE:GME) Surges 47% after “Roaring Kitty” Announces Livestream

TipRanks Financial News Platform Vince Condarcuri Thursday, 06 June 2024 23:50
  • Unique Points
    • Keith Gill, known as 'Roaring Kitty', announced a YouTube livestream for Friday
    • Gill posted a $116 million bet on GameStop
    • Discussions of potential market manipulation after brokerage E*Trade considered removing Gill from its platform
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (80%)
    The author makes editorializing statements by using the term 'meme stock influencer' and 'central figure' to describe Keith Gill. He also uses the term 'market manipulation' without providing any evidence or context for these claims. The author also engages in selective reporting by only mentioning the increase in GameStop stock price after Gill's announcement, while ignoring any potential reasons for the increase other than his livestream.
    • The author refers to Keith Gill as a 'meme stock influencer' and 'central figure', implying that he has significant influence over the market.
    • The author states that there are discussions of potential market manipulation, but does not provide any evidence or context for these claims.
  • Fallacies (85%)
    The article contains an appeal to authority fallacy. The author cites the social media return of Keith Gill, known as 'Roaring Kitty', as a reason for the surge in GameStop shares. This implies that Gill's opinion or actions are responsible for the stock movement rather than any fundamental change in the company's performance or prospects.
    • Shares of video game retailer GameStop (NYSE:GME) surged over 47% on Thursday after meme stock influencer Keith Gill, known as “Roaring Kitty,” announced a YouTube livestream set for Friday.
    • Gill, who was a central figure during that time period, posted a $116 million bet on GameStop.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

GameStop shares surge, 'Roaring Kitty' to speak

Fox Business Network Eric Revell Thursday, 06 June 2024 23:51
  • Unique Points
    • GameStop shares surged during Thursday’s session with a gain of 47%
    • Keith Gill, also known as ‘Roaring Kitty’, teased a livestream event on his YouTube channel for Friday
    • GameStop intends to use the proceeds from the share sale for general corporate purposes, which may include acquisitions and investments
  • Accuracy
    • GameStop shares have gained over 75% in the past 2 days
    • Roaring Kitty has not broadcasted on YouTube in about three years
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (90%)
    The article contains an appeal to authority fallacy in the form of a quote from the author stating 'GameStop shares have gained over 75% during past 2 days' and 'The stock gained 47%, the largest percent increase since May 14, 2024'. These statements are not fallacious on their own, but they become problematic when taken out of context and presented as facts without any supporting evidence. The author is relying on the authority of a source (the stock market) to establish the truth of these statements without providing any evidence or citation. However, since this is not a significant portion of the article and does not affect the overall understanding or interpretation of the information presented, it does not significantly impact the score.
    • GameStop shares have gained over 75% during past 2 days
    • The stock gained 47%, the largest percent increase since May 14, 2024
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

GameStop Stock Surges Again on Social Media Buzz

The Name Of The NZ Prefix. I PWA NZI.P.Was Dropped. Michael J. Monday, 03 June 2024 13:10
  • Unique Points
    • Roaring Kitty, a long-dormant Reddit account associated with trader Keith Gill, showed a big stake in GameStop worth over $146 million
    • GameStop's shares soared by about 30% after the post appeared on Reddit
  • Accuracy
    • Roaring Kitty held over $146 million worth of GameStop shares
    • GameStop raised $933 million through selling new shares after the rally in May 2023
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication