(Reuters) – Shares in Gamestop jumped more than 90% in premarket trading on Monday after a weekend Reddit post from stock influencer Keith Gill, known as “Roaring Kitty,” prompted a $116 million bet on the gaming retailer showed.
GameStop was the second most actively traded stock, with 4.4 million shares changing hands as of 4:30 a.m. ET.
It was the first post from Gill’s Reddit account, which was central to fueling a meme stock trading frenzy about three years ago by sharing screenshots of his bullish GameStop trades.
The screenshot posted Sunday also showed $20 call options for GameStop expiring on June 21. The stock closed Friday at $23, up about 33% since Gill started sharing cryptic posts and memes on X.com in May, sparking speculation about whether he would. resumes sharing its transactions online after a three-year hiatus.
Gill did not respond to a request for comment on Reddit or email.
Shares of Reddit rose 7.5%, while retail-focused brokerage Robinhood rose 3.5%.
Among other meme stocks, AMC rose 30%, Tupperware gained 12% and US-listed BlackBerry shares rose 7.8%.
(Reporting by Medha Singh and Amanda Cooper; Editing by Alun John and Varun HK)
