Roaring Kitty to Discuss GameStop on Livestream
- GameStop stock price dropped 40% as 'Roaring Kitty' provided little new information on livestream.
- Keith Gill, known as 'Roaring Kitty,' is expected to share his bullish stance on GameStop in an upcoming livestream.
- Investors eagerly await Roaring Kitty's livestream to gain insights into the future of GameStop.
Keith Gill, also known as "Roaring Kitty," recently hosted a livestream after three years. The stock he talked about dropped by 40% in one day because the company announced lower sales and more stock for sale. Even though the stock price fell, Keith can still make money from his call options. After the livestream, the stock fell by more than 40%. Other meme stocks also dropped during his livestream. Keith said he didn't have a lawyer with him during the livestream and didn't have a specific plan. Many people, over 400,000, watched the livestream. The stock was down by more than 20% before the livestream. GameStop's stock went up by 30% on Friday morning because of Roaring Kitty's hints about the livestream. Keith Gill had been away from social media for three years. The livestream was expected to happen at noon on Friday. Keith had previously made posts and videos supporting GameStop, and he owns a significant amount of GameStop shares and call options. Many people were interested in his upcoming livestream. GameStop became famous in 2021 because Keith Gill, a licensed securities broker, talked about his investment in the company online. He shared his thoughts on YouTube and Reddit, encouraging others to invest. This led to a situation where the stock price increased quickly, causing trouble for investors who bet on the stock price falling. Morgan Stanley, which manages Keith's account, is considering banning him due to these issues. Experts are questioning if Keith's actions are in the best interest of investors. In simple words, Keith Gill, also known as "Roaring Kitty," talked about a stock on a livestream after three years. The stock price dropped because the company announced lower sales and more stock for sale. Keith can still make money from his investments. GameStop's stock went up because of Keith's hints about the livestream. Keith had previously supported GameStop and owns a lot of its shares. Experts are concerned about his actions and their impact on investors.