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June 3, 2024 at 4:07 PM. GameStop ( GME) stock surged 21% on Monday after user "DeepF***ingValue, an account believed to be tied to individual investor Keith Gill — who ignited the meme stock ...
GameStop shares have been on a rollercoaster over the past month as Gill reemerged across social media, prompting some calls that Gill should be investigated. The stock rallied 180% over a span of ...
Shares of GameStop went from around $3 to more than $120 in the span of a few months after Gill’s posts on the Reddit discussion group Wallstreetbets, where he goes by the username DeepF*****Value.
Keith Gill, known by the Reddit username "DeepFuckingValue" (often referred to in more formal contexts as "DFV" for short to omit the profanity) and by the YouTube and Twitter alias "Roaring Kitty", purchased around $53,000 in call options on GameStop's stock in 2019 and saw his position rise to a value of $48 million by January 27, 2021.
In 2021, after retail investors on Reddit noticed that the short interest exceeded 100%, the company's stock price skyrocketed from $17.25 to over US$500 per share. According to the SEC report, this volatility was only in part due to the massive buying power of retail investors.
The post linked to Gill’s Reddit account showed holdings of 5 million GameStop shares, worth nearly $116 million as of Friday’s close. The screenshot also included 120,000 options contracts ...
June 3, 2024 at 8:13 AM. Shares in GameStop, the video games retailer that became a wildly popular meme stock back in 2021, skyrocketed in value on Monday morning after influential tipster ...
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021.