- GameStop stock booster ‘Roaring Kitty’ (Keith Gill) is returning to YouTube for a livestream to discuss his GameStop stake
- GameStop unexpectedly reported its first-quarter earnings, revealing plunging sales and millions in losses, causing the stock to drop after rallying over 40% on Thursday
- GameStop plans to sell up to $75 million in additional shares, warning that the stock’s price has been extremely volatile due to circumstances like short squeezes
The famed retail investor behind the 2021 GameStop trading frenzy is making his long-awaited return to social media. After months of silence, Keith Gill, known by his online persona Roaring Kitty, has announced plans for his first YouTube livestream in three years.
Who is Roaring Kitty?
Keith Gill gained national attention during the COVID-19 pandemic for his bullish analysis of GameStop stock on Reddit. Posting as “DeepFValue” on Reddit and “Roaring Kitty” on YouTube, Gill drove the first short squeeze of GameStop in early 2021. During the short squeeze, GameStop’s share price surged over 1000% in a matter of weeks.
Gill’s Reddit posts and YouTube videos made him an icon among retail investors coordinating on Reddit and trading platforms. However, Gill and his former employer, MassMutual, were later hit with a lawsuit over his role in the short squeeze. Gill also testified before Congress about the so-called “Reddit rally.”
The Return of the King
On Friday at 12pm EST, Gill is doing his first YouTube livestream in three years. He is expected to talk about his current GameStop stake during the stream.
Hours before the livestream, GameStop released its disappointing first-quarter earnings report, initially scheduled for June 11. The report revealed plunging sales and millions in losses, putting a damper on the stock price. However, GameStop shares rallied over 40% on Thursday in anticipation of Gill’s announcement.
While Gill’s return has sparked more volatility, his YouTube page bears a disclaimer: “The Roaring Kitty channel and live streams are for educational and entertainment purposes only. I don’t provide personal investment advice or stock recommendations during the stream.”
What to Expect
Nonetheless, Gill’s legion of retail investor followers are eagerly anticipating his livestream. His analysis of GameStop and trading advice cultivated a loyal following during the early days of the pandemic.
Now, amidst GameStop’s ongoing volatility, the return of Roaring Kitty is an event in itself. Regardless of the livestream’s impact on GameStop’s share price, Gill’s perspective on the company’s future prospects and trading dynamics should prove insightful.
