Shares in GameStop Corp (NYSE:GME) soared 73% in early trades on Monday after noted 'meme stock' trader Keith Gill posted a screenshot of his latest trades.
Gill, a former professional trader who goes by the moniker of Roaring Kitty, issued the first post from his DeepF------Value Reddit account in a while.
It was a screenshot in the r/Superstonk chatroom (pictured) entitled 'GME yolo update' showing his latest trades in GameStop, which appeared to be worth $116 million.
AMC Entertainment also jumped 25% premarket, though there were no screenshots from Gill on that other favored meme share.
A 'reverso' card from the Uno game was posted by Gill on his X/Twitter account, the significance of which was excitingly debated on Reddit (NYSE:RDDT) and elsewhere.
— Roaring Kitty (@TheRoaringKitty) June 3, 2024
GameStop opened 73% higher at over $40, but soon eased back to $30, a gain of just under 32% on the day. Similarly, AMC Entertainment jumped 29% but is now up 8%.
** Update: Further details added **