GameStop Tumbles 40% As ‘Roaring Kitty’ Trader Says Little New about Retailer on Livestream

Keith Gill, better known as “Roaring Kitty” on X and YouTube and as “Deep-------Value” on Reddit, hosted his first livestream since the meme stock craze that took place three years ago.

Gill said he believes in the video game retailer’s reinvention under CEO Ryan Cohen, reiterating his previous investing thesis and offering little new reasoning behind his large stake. He also revealed that he didn’t have any institutional backers and the GameStop positions he had shared in screenshots were his only bets. 

Shares of GameStop were halted multiple times during his stream. The stock was last down nearly 40% on the day as investors responded to the company’s earlier announcement that sales dropped significantly in the first quarter and that it was selling more stock.

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