‘Roaring Kitty’ post appears to display trader held on to huge GameStop stake immediately after Monday’s rally

‘Roaring Kitty’ post appears to display trader held on to huge GameStop stake immediately after Monday’s rally


Important Factors
  • Keith Gill continue to owned 5 million shares of GameStop and 120,000 get in touch with alternatives with a strike value of $20 that expire on June 21, in accordance to a screenshot he showed.
  • The meme inventory leader identified as ‘Roaring Kitty’ is behind GameStop’s modern roller-coaster journey.
  • E-Trade, the Morgan Stanley-owned brokerage Gill uses, is holding inner talks about whether to ban him from the platform, in accordance to a Wall Road Journal report.



Supply

Stocks making the biggest moves midday: Abercrombie & Fitch, Nvidia, Coinbase, Symbotic & more
Finance

Stocks making the biggest moves midday: Abercrombie & Fitch, Nvidia, Coinbase, Symbotic & more

Check out the companies making headlines midday. Abercrombie & Fitch — The apparel retailer jumped 33% after posting better-than-expected fiscal third-quarter results, driven by strength at its Hollister brand. Hollister’s sales grew 16%, offsetting a 2% drop at its namesake Abercrombie & Fitch label. For the holiday quarter, the company expects Hollister to continue to […]

Read More
Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble allegations
Finance

Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble allegations

watch now VIDEO3:0903:09 Why investor Michael Burry is shorting AI leaders like Nvidia and Palantir News Videos The fight between Nvidia and one of its loudest naysayers, investor Michael Burry, is escalating. Following the “Big Short” investor’s series of social media posts arguing that the artificial intelligence investment boom is replaying the dotcom bubble from […]

Read More
Michael Burry’s next ‘Big Short’: An inside look at his analysis showing AI is a bubble
Finance

Michael Burry’s next ‘Big Short’: An inside look at his analysis showing AI is a bubble

watch now VIDEO3:0903:09 Why investor Michael Burry is shorting AI leaders like Nvidia and Palantir News Videos Michael Burry — the investor known for predicting the housing meltdown ahead of 2008 — has turned his attention to one of the market’s most beloved themes: artificial intelligence. Burry recently deregistered his hedge-fund firm, Scion Asset Management, […]

Read More