TechFlow news, according to Cointelegraph, renowned trader Keith Gill (online alias "Roaring Kitty") has once again purchased GameStop (GME) shares. On June 13, Gill announced he had acquired an additional 4 million shares of GME, bringing his total holdings to over 9 million shares, worth approximately $262 million. The community speculates he might join the company's board.
According to a GameStop filing, Gill's new stake makes him the fourth-largest shareholder in GME. Traders believe the stock price could rise to $200.
Another trader predicts Roaring Kitty will join the board and drive up the share price. Jacob Slade, founder of Mt. Zion Market Ventures, pointed out that the size of Gill's stake matches that held by GameStop CEO Ryan Cohen when he joined the company. In addition, memes posted by Gill on Twitter and Easter eggs found on GameStop's website have fueled further speculation.
