US stock markets: Gamestop shares climb over 90% after Roaring Kitty’s Reddit post shows $116 mn bet

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ALSO READ: GameStop shares surge after raising nearly $1 billion from share sale programIt was the first post from Keith Gill, known as “Roaring Kitty", on his Reddit account since his return to X in mid-May.Gill had fuelled anticipation that he will actively return to the market after he had shared an image of a video gamer leaning in.GameStop shares have fallen more than 50 per cent since a two-day rally triggered by his mid-May post.A screenshot posted on Sunday showed $20 call options for GameStop expiring on June 21. ALSO READ: GameStop hits highest since 2021 as return of 'Roaring Kitty' rekindles meme stock maniaIn a post on X on Sunday, Gill also shared an image of an UNO reverse card, which is used by players in the game to change the card-pickup direction.The post had attracted about 5.5 million views in the nine hours since its publication at about 8 p.m.

Sunday New York time.About three years ago also, Reddit posts by Gill had fuelled a rally in the meme stock.In early 2021, the stock had soared more than 2,000 per cent.In his last previous post on Reddit in 2021, Gill had posted a screenshot that showed he held 200,000 GameStop shares, or about $30.9 million worth at the time. On Friday, the GameStop stock had closed at $23, up about 33 per cent since Gill began sharing cryptic posts and memes on X.com in May.Reddit shares jumped 7.5 per cent, while retail trader-focused brokerage Robinhood gained 3.5 per cent.Among other meme stocks, AMC Entertainment Holdings Inc.