Roaring Kitty boosts GameStop holdings, influences market performance

Keith Gill, popularly known as Roaring Kitty, has made headlines this week by boosting his GameStop holdings from 5 million shares to 9 million shares. This update, which he shared on Reddit, indicates that his current position is valued at $262.1 million, making up 2.1% of GameStop's total outstanding shares. Notably, Gill has also divested the 120,000 June 21, $20 strike call options he previously held.

Gill, a prominent figure in the meme-stock trend of 2021, has been a driving force behind the significant fluctuations in GameStop's stock price with his recent actions. Despite closing Thursday with a 14% increase at $29.12, the stock experienced a slight dip to $28.66 in after-hours trading. Gill's decisions continue to wield influence over GameStop's market performance.

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