Reddit legend Keith Gill raises his stake on GameStop

DeepF — ingValue has doubled down at GameStop Corp.

The trader, who became a legend on Reddit’s WallStreetBets forum for his prescient bet on the video game retailer, posted a screenshot of his brokerage account on Friday afternoon that appears to show that he bought an additional 50,000 shares of the companies. Actions. Reddit user, real name Keith Gill, now owns 100,000 GameStop shares worth roughly $ 4 million, the screenshot shows.

The publication does not indicate when the shares were purchased. An earlier update, published on the afternoon of February 3, placed its position at 50,000 shares. Gill declined to comment.

Much of the momentum surrounding GameStop has faded in recent weeks. The shares fell 23% this week to $ 40.59 and have fallen more than 90% since hitting an intraday high of $ 483 on January 28. They closed on February 3 at $ 92.41.

Gill appeared at a Congressional hearing on the GameStop frenzy on Thursday, where a lawmaker asked him if he thought the stock was still attractive. “I find it an attractive investment at this price,” he replied.


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