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Keith Gill, the meme-stock retail trader known affectionately as “Roaring Kitty,” kicked off a much-anticipated YouTube livestream on Friday, telling a crowd of nearly 600,000 viewers why he continues to bet big on GameStop.
“This represents a bet against GameStop’s management, particularly CEO Ryan Cohen and “his team,” as he believes the video game retailer has entered a “transformative phase.”
“The debate will probably continue about how people feel about him and whether he can successfully transform the business,” the meme-stock retail trader said, joking, while also urging viewers to “make your own decision.”
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| global | GameStop Corp. | 28.30 | -18.12 | -39.04% |
The stock price, which had fallen before the livestream, remained down more than 30% and trading was halted several times while he was speaking.
Gamestop live stream of “Roaring Kitty” (Youtube)
Still, the stock is up more than 200% this quarter alone since Gill returned to social media after a three-year hiatus to promote the video game retailer.
“I can’t promise you anything, but I think in the long run, that’s the type of guy he is,” Gill added. “He seems to have those traits in how he approaches the job, so maybe he can do it, but again, it’s not a guarantee.”
GameStop Chairman Ryan Cohen (FBN)
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Cohen, who founded pet supplies website Chewy, took over the helm of the struggling video game retailer in late September 2023.
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This is an ongoing story, please check back for future updates.
