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GameStop leaps as investor known as ‘Roaring Kitty’ indicates he holds a large position in the stock

FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. Shares of GameStop are soaring before the market opened on Monday, June 3, 2024 following speculation that the man at the center of the pandemic meme stock craze owns a large number of shares of the video game retailer that may be worth millions.. (AP Photo/John Minchillo, File)
FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. Shares of GameStop are soaring before the market opened on Monday, June 3, 2024 following speculation that the man at the center of the pandemic meme stock craze owns a large number of shares of the video game retailer that may be worth millions.. (AP Photo/John Minchillo, File) FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. Shares of GameStop are soaring before the market opened on Monday, June 3, 2024 following speculation that the man at the center of the pandemic meme stock craze owns a large number of shares of the video game retailer that may be worth millions.. (AP Photo/John Minchillo, File)

By MICHELLE CHAPMAN / AP Business Writer 3 min read

Shares of GameStop soared Monday following speculation that the man at the center of the pandemic meme stock craze owns a large number of shares of the video game retailer that may be worth millions.

GameStock’s volatile stock ended the day with a 21% gain after earlier being up as much as 75%.

Keith Gill, better known as “Roaring Kitty” on social media platforms YouTube and X, also goes by the name Deep F- – – – – – Value on Reddit. Late Sunday, the Reddit account shared a screenshot in the r/SuperStonk forum that people are speculating could be an image of the shares and call options Gill holds in GameStop. The image showed that Gill may hold 5 million shares of GameStop that were worth $115.7 million as of the closing price on Friday. The screenshot also showed 120,000 call options in GameStop with a $20 strike price that expires on June 21. The call options were bought at around $5.68 a piece.

In addition, Gill’s account on X posted a picture of a reverse card from the popular game Uno on Sunday night. There was no text accompanying the image.

This latest activity comes about three weeks after Gill appeared online for the first time in three years, spiking the price of GameStop at the time. In May, the “Roaring Kitty” account posted an image on X of a man sitting forward in his chair, a meme used by gamers when things are getting serious.