Editor’s note: This story has been updated with additional details.
Investor Keith Gill, aka Roaring Kitty, shared an update with his followers on his investment in GameStop Corporation GME in his highly anticipated return to YouTube Friday.
Here are the key highlights.
What Happened: In his first YouTube livestream in three years, Roaring Kitty said he wanted to pop in and say hi and see everyone with "no real game plan."
"I had to dust this s*** off," Gill said of his video setup.
Gill shared the Yahoo Finance chart of GameStop during the stream.
"It's going up, can I say that?"
The stream, which started 26 minutes past the 12 p.m. ET start time, saw Gill wearing a headband and sunglasses and an arm splint he said was fake and part of his act.
"Can you believe it's me?"
Gill said he couldn't keep up with the chat, which was moving rapidly during the livestream with hundreds of thousands of viewers.
"You brought me back to life with the chat.
"I'm alive!"
The investor, who was a key part of the GameStop short squeeze storyline of 2021, recently updated investors on his position in GameStop, which was worth over $500 million on Thursday.
At the time of writing, there were over 600,000 people watching Roaring Kitty’s livestream. Stay tuned to Benzinga for more updates on the livestream and Roaring Kitty.
‘I’m Not Working With Anyone Else’: Gill clarified that it was him in the video and said he's seen a lot of comments that it was not him behind the social media return of the Roaring Kitty account.
"Who else spends their time making memes?"
Gill joked that it was not artificial intelligence in the video.
The investor said his recent position update in GameStop stock and options is his and his alone.
“These are my positions. I'm not working with anyone else."
Gill said he had to hop on the livestream to share an update on his GameStop position and thesis.
The man behind the Roaring Kitty persona also told viewers he was not Paul Dano, in reference to the actor who portrayed him on screen in the Sony Group Corp SONY movie "Dumb Money."
"I'm definitely not Paul Dano."
Gill said he still has not watched "Dumb Money" and has only viewed clips.
Roaring Kitty On Ryan Cohen: Gill asked if he had to be careful with what he would say about GameStop stock during the livestream.
"What can I say about GameStop?"
Gill said he has some of the same feelings that he had about the company three years ago and brushed off investors who say the company hasn't done anything in the last three years.
"They're in the transformation stage."
Gill praised GameStop CEO Ryan Cohen during the livestream and said that investors should be focused on Cohen's ability to turn the company around.
"It becomes a bet on the management."
Gill said GameStop finds itself in a "unique situation" with people rooting for the company and a strong base of non-institutional investors.
The man behind Roaring Kitty also said Cohen has a "good head on his shoulders" and the cash pile for GameStop is growing.
"He's extremely talented to turn this around."
GME Price Action: GameStop shares trade at $35.41 versus a 52-week trading range of $9.95 to $64.83.
Read Next: Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?
Roaring Kitty illustration created using artificial intelligence via MidJourney.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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