Roaring Kitty Loses Millions After GameStop Stock Price Fall
What prompted Keith Gill, also known as Roaring Kitty, to start posting about GameStop on Twitter nearly a month ago?
Keith Gill, also known as Roaring Kitty, started posting about GameStop on Twitter nearly a month ago, giving some amateur investors hope that the stock would skyrocket in value like it did in 2021. It was in 2020-2021 when Gill became a central figure in the meme stock movement, which saw GameStop's stock price surge due to a coordinated effort by retail investors to squeeze short sellers who were betting against the company. Gill's return to posting about GameStop was seen as a potential catalyst for another surge in the stock price, but it's unclear what specifically prompted him to start posting about it again.
How long did Keith Gill's YouTube live stream last, and what was the outcome for GameStop's stock price during this event?
Keith Gill's YouTube live stream lasted for about an hour. During the stream, GameStop's stock price experienced a decline. It is important to note that Gill's return to social media and the anticipation of his live stream had already sparked a rally in GameStop's stock price, lifting it from $17 to $37. However, during the live stream, the stock price went down more than 36%, ending at around $29.47.
How much did Keith Gill's reported gains decrease from the day before his Friday stream to after the stock market closed on Monday?
Keith Gill's reported gains decreased significantly from the day before his Friday stream to after the stock market closed on Monday. On the day before the stream, Gill's claimed gains were over $380 million, according to the screenshots he posted on Reddit. However, after the stock market closed on Monday, his gains dropped to $31 million. This decrease was primarily due to the drop in GameStop's share price during that period.