Not long after GameStop CEO George Sherman agreed to step down by July 31st from his position, company shares soared dramatically. Sherman has held the title for roughly two years, and his departure coincided with the company stock rising 6.26% as of earlier this week.
GameStop has been the center of much hype throughout the past year, making a name for meme stocks and why they matter. This was especially prevalent earlier this year, when Reddit members decided to take matters into their own hands after learning that GameStop was losing traction.
Indeed, the members of Reddit group “WallStreetBets” all banded together to buy stock in GameStop, ultimately boosting its stock a whopping 3,000% over the last year. In fact, the GameStop surge was so strong that trading app Robinhood was forced to halt all investments in GameStop during January of 2021.
One particular investor who’s led the way amid all this is Keith Gill, who’s also known as “RoaringKitty” online. To go hand in hand with GameStop’s newest surge, Gill recently bought an additional 50,000 shares in the company, bringing his total number of shares to a whopping 200,000.
The GameStop shares that he owns are worth a staggering $33 million, proving to many that he’s no slouch when it comes to investments and trading.
