GameStop Stock Skyrockets to $41.12 in 2025 as Keith Gill Reveals $200M Stake

Highlights

• GameStop shares surged dramatically for the second time this month after Keith Gill disclosed a major investment via Reddit.
• Following a brief dip after Gill’s May 12 return to social media, GameStop regained momentum on renewed investor interest.
• Other meme stocks including AMC Entertainment, BlackBerry, and Tupperware also experienced notable gains in early trading.

GameStop (GME) experienced a significant premarket rally in 2024 after Keith Gill, famously known as "Roaring Kitty," re-engaged with the investing community on platforms like Reddit and X. Gill’s recent post revealed ownership of 5 million GameStop shares valued over $200 million, reigniting excitement among meme stock enthusiasts.

On Sunday night, Gill shared a screenshot on the "Superstonk" subreddit displaying his portfolio’s enormous stake. This move echoes his influential activity during the initial 2020-2021 meme stock surge. Alongside the screenshot, a playful green reverse card from Uno was posted on Gill’s X account, signaling a strategic game move to followers.

Gill had stepped back from social media after April 2021, when he last reported holding 200,000 shares worth approximately $30.94 million. His reappearance marks a pivotal moment for GameStop investors and the broader meme stock community.

GameStop's Second Major Rally in 2024

This recent upswing follows a prior surge earlier in May 2024, triggered by Gill’s re-entry to social media. Although initial excitement drove shares up 179% over two days, momentum tapered, leaving the stock 27% higher by mid-May. GameStop’s share price stabilized near $20 amid new share issuances and a cautious outlook ahead of its Q1 earnings report released June 11.

By Monday morning, GameStop shares rose nearly 80%, reaching $41.12 before the market opened. This rally was mirrored by other meme stocks: AMC Entertainment climbed 25%, Tupperware Brands increased by 11%, and BlackBerry gained 6%, reflecting a broader resurgence in speculative trading activity.

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