GameStop stocks experienced a significant drop for the second consecutive day on Monday, plummeting by more than 49%. This marks the most challenging two-day period since February 3, 2001, according to Dow Jones Market Data Group.
Despite this decline, Keith Gill, popularly known as “Roaring Kitty,” continues to see success with his GameStop investments.
Gill, using his Reddit alias Superstonk/Deep F-ing Value, shared his latest financial performance on Monday. FOX Business, in collaboration with Dow Jones Market Data Group, analyzed the data.
GET TO KNOW ‘ROARING KITTY’
His five million shares are now valued at $124.15 million, showing a gain of $17.78 million from his initial purchase price of $106.37.
Additionally, the $20 call options he bought for $5.67 each are currently trading at $6.81. The total worth of these options stands at $81.72 million, reflecting a $13.62 million increase from the $68.10 million he paid for them.
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‘ROARING KITTY’ SHOWS CONFIDENCE IN GAMESTOP MANAGEMENT TEAM
If Gill decides to exercise these call options, he will have the opportunity to…
2024-06-10 18:43:45
Original article available at finance.yahoo.com