financetom
Business
financetom
/
Business
/
GameStop Shares Surge After Keith Gill Shows $116 Million Bet
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GameStop Shares Surge After Keith Gill Shows $116 Million Bet
Jun 3, 2024 4:52 AM

07:23 AM EDT, 06/03/2024 (MT Newswires) -- GameStop ( GME ) 's share price surged more than 85% in recent premarket activity Monday after trader Keith Gill posted on his Reddit account "Roaring Kitty" a screenshot showing five million shares bought at $21.27 each, amounting to an almost $116 million bet on the game retailer.

The screenshot also showed 120,000 call options worth $65.7 million due to expire on June 21.

Price: 42.96, Change: +19.82, Percent Change: +85.65

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Beacon Roofing Supply Confirms QXO Starts Unsolicited Tender Offer
Beacon Roofing Supply Confirms QXO Starts Unsolicited Tender Offer
Jan 27, 2025
09:31 AM EST, 01/27/2025 (MT Newswires) -- Beacon Roofing Supply ( BECN ) confirmed on Monday that QXO (QXO) had started an unsolicited cash tender offer to acquire all of Beacon's outstanding shares for $124.25 each. Beacon said its board will thoroughly evaluate QXO's tender offer. Beacon also said on Monday that it had previously rejected an offer from QXO...
Williams Says FERC Reinstates Certificate for Transco's Regional Energy Access Expansion
Williams Says FERC Reinstates Certificate for Transco's Regional Energy Access Expansion
Jan 27, 2025
09:54 AM EST, 01/27/2025 (MT Newswires) -- Williams Companies ( WMB ) said Monday that the Federal Energy Regulatory Commission has reinstated the certificate and abandonment authorization to Transco for the Regional Energy Access Expansion project. The order reinstates the certificate for Regional Energy Access Expansion as issued under its original certificate order, the company added. The order is effective...
SAGE Therapeutics Board Rejects Biogen's Unsolicited Acquisition Bid
SAGE Therapeutics Board Rejects Biogen's Unsolicited Acquisition Bid
Jan 27, 2025
09:46 AM EST, 01/27/2025 (MT Newswires) -- SAGE Therapeutics ( SAGE ) said Monday its board rejected Biogen's (BIIB) unsolicited, non-binding proposal to acquire Sage shares not already owned by Biogen for $7.22 per share. SAGE also said its board has started a process to look into strategic alternatives, including a potential business combination or sale. The company said there's...
Nvidia Shares Plunge 13% After Market Open
Nvidia Shares Plunge 13% After Market Open
Jan 27, 2025
09:59 AM EST, 01/27/2025 (MT Newswires) -- Nvidia ( NVDA ) shares fell as much as 13% after market open on Monday. The tumble, fueled by investor concerns over Chinese artificial-intelligence company DeepSeek, erased about $465 billion in market capitalization from Nvidia ( NVDA ), a record amount, according to a Bloomberg report. Price: 127.35, Change: -15.28, Percent Change: -10.71...
Copyright 2023-2026 - www.financetom.com All Rights Reserved