The stock rose 13% to $ 46 and reversed a series of losses to generate its biggest gain in more than two weeks. Stocks have lost about nine tenths of their value since they ended last month were $ 483 in intraday trading

The recent big surge in the company’s stock is due to the fact that Keith Gill, the man behind the Reddit craze in GameStop stock, announced a larger stake in it late Friday, a new screenshot posted by DeepF – – ingValue, his online username, was posted on Reddit showed he was another 50000 shares, bringing his total holdings to 100000 shares valued at roughly $ 4 million on Friday, the Wall Street Journal reported

The aggressive GameStop position has Mr. Gill is a millionaire and a hero to many individual investors, especially those on Reddit’s popular WallStreetBets forum

GME stock

World news – USA – GameStop stocks jump after Reddit legend Keith Gill doubles

Source: https://www.wsj.com/articles/gamestop-shares-surge-after-reddit-legend-keith-gill-doubles-down-11614008117