(Bloomberg) — Shares of GameStop Corp. are set for a wild ride at Monday’s open after the Reddit account that fueled 2021’s meme stock mania placed a $116 million position in the stock.
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The June 2 screenshot by Keith Gill, who goes by DeepF-Value on Reddit, shows five million shares purchased at $21.27 per share. It was the first post on the account in three years. The screenshot, including the positioning of options, could not be verified.
The gaming retailer’s shares rose more than 19% to $27.58 in Sunday trading on Robinhood, allowing 24-hour trades for some stocks. The price was on the high side, allowed by Robinhood.
On Twitter, Gill, using his Roaring Kitty account, also posted an image of a UNO Reverse card, which is used by players in the game to change the direction of card pickup. The post has been viewed more than 3.2 million times in less than three hours since it was published around 8pm on Sunday in New York.
Gill has been largely silent on social media since rallying day traders on Reddit to buy the stock in 2021 to push back on short sellers.
He returned to Twitter in mid-May with an image of a video gamer leaning in, raising expectations that he would actively return to the market.
GameStop shares have fallen more than 50% since his post in mid-May. The stock reportedly rose more than 2,000% in early 2021, bringing the meme stock frenzy to the broader public consciousness.
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