A mysterious post by Keith Gill, also known as “Roaring Kitty,” sent GameStop’s stock soaring by up to 9% on Friday. Gill, a key figure behind the 2021 meme stock craze, posted an altered image from Toy Story 2 featuring a dog, sparking a frenzy among retail traders.
Before Gill’s post, a trader purchased 10,000 GameStop call options, investing $1.74 million. Within 20 minutes of the tweet, they sold the options, earning around $2.29 million and making a $550,000 profit. GameStop shares settled at a 4% gain, priced at $23.39.
The timing of the trade raises suspicions, with experts noting the unusual move ahead of the weekend. Gill, who had previously boosted stocks like Chewy with similar posts, declined to comment.