Roaring Kitty's GameStop Investment Sparks Significant Stock Surge

Boston, Massachusetts United States of America
GameStop stock experienced a significant surge on June 3, 2024.
Gill first appeared online in May 2024, posting a meme on YouTube indicating serious interest in GameStop and sharing a video summarizing the bull case for the company.
Gill's buying of GameStop shares initiated a 'short squeeze'.
Keith Gill, also known as 'Roaring Kitty' and 'Deep F--- Value', may hold up to 5 million shares of GameStop worth approximately $116 million and 120,000 call options with a $20 strike price that expire on June 21.
The buying frenzy extended to other companies such as AMC Entertainment Holdings and Koss Corp.
Roaring Kitty's GameStop Investment Sparks Significant Stock Surge

GameStop stock experienced a significant surge on Monday, June 3, 2024, following the revelation that Keith Gill, also known as 'Roaring Kitty' and 'Deep F--- Value,' may hold a substantial investment in the company. According to various sources, Gill's portfolio could include up to 5 million shares of GameStop worth approximately $116 million and 120,000 call options with a $20 strike price that expire on June 21.

GameStop had been struggling in recent years due to the shift from physical disc sales to digital downloads. The company faced significant shorting from major investors who believed its shares would continue on a downward trend. However, Gill's buying of GameStop shares initiated a 'short squeeze,' forcing those who had bet against the company to buy its rapidly rising stock and offset their losses.

Gill first appeared online in May 2024, posting a meme on YouTube indicating serious interest in GameStop and sharing a video summarizing the bull case for the company. His activity sparked renewed interest in GameStop, causing its stock price to rise significantly.

The buying frenzy extended to other companies as well, with AMC Entertainment Holdings and Koss Corp. also experiencing significant gains on Monday.

Despite the excitement surrounding Gill's investment, it is essential to note that all information should be taken with a grain of salt. The mainstream media has been known to report biased or incomplete information, and it is crucial to consider multiple sources before drawing any conclusions. Additionally, science and health breakthroughs or advances should be approached with skepticism as they are rare and often overhyped.


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Confidence

85%

Doubts
  • It is unclear if Gill's investment was the sole cause of the stock surge.
  • The exact number of shares and call options Gill holds is not confirmed.

Sources

84%

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

'Roaring Kitty' post seems to show trader held onto giant GameStop stake after Monday's rally

CNBC News Yun Li Monday, 03 June 2024 20:45
  • Unique Points
    • Keith Gill held onto his big position in GameStop after Monday’s rally.
    • Gill owned 5 million shares of GameStop and 120,000 call options with a strike price of $20 that expire on June 21.
  • Accuracy
    • GameStop closed up 21% on Monday following Gill’s latest Reddit post.
    • Shares of GameStop climbed about 4% in extended trading after Gill’s post.
  • Deception (30%)
    The article provides information on Keith Gill's holdings in GameStop without disclosing the source of that information. The author quotes a figure for the increase in value of Gill's common stock stake, but does not link to any peer-reviewed studies or provide evidence for this claim. The article also implies that E-Trade may ban Gill from their platform due to potential market manipulation, without providing any studies or evidence supporting this claim.
    • The article implies that E-Trade may ban Gill from their platform due to potential market manipulation, without providing any studies or evidence supporting this claim.
    • The article provides information on Keith Gill's holdings in GameStop without disclosing the source of that information.
    • The author quotes a figure for the increase in value of Gill's common stock stake, but does not link to any peer-reviewed studies or provide evidence for this claim.
  • 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

100%

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 jumps as ‘Roaring Kitty’ shows big bet in Reddit post

Al Jazeera Media Network Al Jazeera Tuesday, 04 June 2024 00:01
  • Unique Points
    • Keith Gill may hold five million shares of GameStop worth $115.7m and 120,000 call options with a $20 strike price that expire on June 21.
    • Gill shared a screenshot of his potential holdings in the r/SuperStonk forum.
    • The image showed that Gill may have bought his shares and call options for around $5.68 each.
    • Gill's first appearance online in three years spiked GameStop’s price in May.
    • In May, Gill posted a meme on YouTube indicating serious interest in GameStop and shared a video summarizing the bull case for the company.
    • GameStop was struggling to survive as consumers shifted from discs to digital downloads and faced bets against it by big investors.
    • Gill’s buying of GameStop shares initiated a ‘short squeeze’, forcing those who had bet against the company to buy its stock and offset losses.
  • Accuracy
    No Contradictions at Time Of Publication
  • 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

100%

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

Roaring Kitty's apparent $116 million bet on GameStop is behind meme resurgence

Fortune Media Inc. Monday, 03 June 2024 00:00
  • Unique Points
    • Keith Gill, also known as ‘Roaring Kitty’ and ‘Deep F--- Value’, posted a screenshot on Reddit showing he may hold 5 million shares of GameStop worth $115.7 million and 120,000 call options with a $20 strike price expiring on June 21.
    • GameStop was struggling to survive as consumers switched from discs to digital downloads and faced shorting from big investors who believed its shares would continue on a downward trend.
    • The buying of GameStop shares by individuals, including Keith Gill, led to a ‘short squeeze’ where those who had bet against the company were forced to buy its rapidly rising stock.
    • Keith Gill’s previous online activity in May spiked GameStop stock prices when he posted a meme and a YouTube video summarizing the bull case for the company.
  • Accuracy
    No Contradictions at Time Of Publication
  • 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 (0%)
    None Found At Time Of Publication

85%

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 soars 33% after 'Roaring Kitty' reveals a $116 million bet

Quartz News Site Quartz Staff Monday, 03 June 2024 11:20
  • Unique Points
    • GameStop stock soared 103% in pre-market trading on Monday
    • Keith Gill, also known as Roaring Kitty, posted a screenshot of his portfolio suggesting he owns 5 million GameStop shares worth almost $116 million
  • Accuracy
    • Keith Gill owned 5 million shares of GameStop and 120,000 call options with a strike price of $20 that expire on June 21.
    • GameStop closed up 21% on Monday following Gill’s latest Reddit post.
    • Gill may have bought his shares and call options for around $5.68 each.
  • Deception (50%)
    The article engages in sensationalism by using phrases like 'skyrocketed more than 100%' and 'latest meme stock rally fueled by the investor and social media personality known as Roaring Kitty.' The article also selectively reports information about GameStop's financial situation, only mentioning the projected sales drop and net losses without providing context or mentioning the company's warning to investors about significant portion of investments being lost due to extreme price fluctuations. The article also implies that Gill led the early 2021 meme stock rally without disclosing that this was previously reported and not a new development.
    • Gill led the early 2021 meme stock rally, which sent GameStop’s shares skyrocketing 1,000% in a matter of weeks.
    • GameStop stock was all the way up to $43.57 per share at about 7:15 a.m. on Monday.
    • The latest surge came after Keith Gill, better known by his social media persona Roaring Kitty, posted a screenshot Sunday night on Reddit suggesting he has a huge portfolio of GameStop stock and options.
  • Fallacies (85%)
    The article contains inflammatory rhetoric and appeals to authority. It uses sensationalist language like 'skyrocketed', 'meme stock rally fueled by', and 'wild ride' to evoke strong emotions in readers without providing substantial evidence for the claims made. The author also references a company disclosure but does not mention any fallacies in the content of the disclosure itself. Additionally, there is an appeal to authority when citing GameStop's financial projections and historical losses.
    • . . . shares of the video game retailer were still up 33% on Monday afternoon, after rising 103% in pre-market trading.
    • The company said last month that it sold 45 million shares of common stock for approximately $933.4 million.
    • GameStop's shares have been on a wild ride in recent weeks.
  • 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