GameStop’s (NYSE: GME) stock experienced a dramatic surge of nearly 100% in early morning trading on June 3, 2024, following a significant move by Keith Gill, also known as “Roaring Kitty.” Gill, a key figure in the 2021 meme stock phenomenon, broke his three-year silence on Reddit, revealing substantial new investments in GameStop.GME stock 30-day price chart. Source: FinboldGill disclosed that he holds $65 million worth of GameStop call options with a $21 strike price, set to expire in 19 days. Additional ...

GameStop shares surged ahead of Monday's opening bell after trader Keith Gill, who posts on social media under the aliases "Roaring Kitty" and "DeepFuckingValue," revealed he holds a $116 million stake in the struggling retailer.Advertisement The stock was up 84% in premarket trading shortly before 5 a.m. Eastern Time after an account snapshot posted on Reddit's r/SuperStonk forum revealed that Gill holds five million GameStop shares.This story is available exclusively to Business Insider subscribers. Beco ...

The GameStop (NYSE: GME) stock saga has gripped the trading community again, causing GME shares to surge to $70. However, the hype quickly faded despite the influence of Keith Gill, also known as Roaring Kitty, who contributed to the surge with a series of cryptic tweets.Now, a new catalyst could drive GME stock even higher. On June 2, after a hiatus of over three years, Roaring Kitty revealed in the Reddit community r/Superstonk that he holds five million GameStop shares worth $115.7 million and 120,000 ca ...

In this articleTSLATraders work on the floor of the New York Stock Exchange during morning trading on Feb. 23, 2024 in New York City.Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know today Get the CNBC Daily Open report in your inbox every morning and keep up to date with the ...

Meme stock GameStop is rallying again on speculation Keith Gill, the man who inspired 2021's epic short squeeze, could currently have a huge position in the video game retailer.Gill, who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube and X, reappeared Sunday night, posting a screenshot of what could be his portfolio holding a significant amount of GameStop common shares and call options.The Reddit trading crowd's favorite trader holds 5 million shares of GameStop worth $115.7 million as of ...

Core Viewpoint - Tupperware Brands is facing significant financial challenges and is not a viable investment opportunity, especially in light of its recent performance and ongoing issues with internal controls [1][4]. Financial Performance - Tupperware's net sales and gross profit have declined year-over-year, with a net earnings loss of $29.8 million for the 13 weeks ending July 1, 2023, compared to a net income of $8.3 million in the same period the previous year [3]. - The company has raised "substantial doubt about its ability to continue as a going concern" for at least one year from the issuance date of its financial statements [3]. Market Position and Competition - The competition in the plastic storage container market has intensified, with competitors offering products at significantly lower prices, making it difficult for Tupperware to recover [3]. - Tupperware stock experienced a temporary boost due to the meme-stock trend, rising 42% in mid-May without any company-specific news, but remains a highly risky penny stock trading below $5 per share [2]. Internal Issues - Tupperware has been late in filing its 2023 Form 10-K annual report due to "ongoing material weaknesses in internal control over financial reporting" and significant attrition in its accounting department, leading to resource gaps and loss of continuity [2][4].

It was not only three years ago that game retailer GameStop (NYSE:GME) became widely popular as a meme stock. GameStop stock still has experienced recent periodic surges thanks to the growing prevalence of Reddit investors. A recent Roaring Kitty’s post reignited interest, briefly boosting GME stock to more than $60. And despite analysts suggesting this stock should be worth roughly $7 per share, and a mini short squeeze has taken place, there are some who believe this stock could be headed much higher. The ...

It looks like the effects of the return of Roaring Kitty are still lingering, as GameStop (NYSE:GME) stock is up by 20% following the completion of its $933.4 million at-the-market (ATM) offering, equivalent to 45 million shares. The offering was announced on May 17. Roaring Kitty made his return on X (formerly Twitter) following a nearly three-year social media hiatus, sending meme stocks across the board higher. Roaring Kitty, real name Keith Gill, was a leading figure in the 2021 meme stock rally. This i ...

Years of work on Wall Street to pick up the pace of trading will be put to the test this week. If all goes well, most people won't notice the difference.Starting Tuesday, trades of stocks and several other securities will need to be settled by the end of the next business day. Settlement involves the actual swap of money for a security. This so-called "T+1 settlement" is an acceleration of the previous process, which allowed for two business days.The move is the latest evolution to make the plumbing of Wall ...

When investors thought that the GameStop (NYSE: GME) short-squeeze was over just as it started, GME shares showed signs of potential future gains driven by market speculation, causing more short squeezes, albeit smaller ones.Now, it seems that something factual sent GME stock soaring in the pre-market. It added 15% in pre-market trading, taking its price from $19 on Friday, to almost $22 at the time of writing.GME stock 24-hour price chart. Source: Google FinanceThis surge marks the largest daily surge sinc ...