DeepF — ingValue doubled on GameStop Corp.
The trader, who became a legend on Reddit’s WallStreetBets forum for his precise bet on the video game retailer, posted a screenshot of his brokerage account on Friday afternoon showing that he has bought another 50,000 shares of the stock. . The Reddit user, whose real name is Keith Gill, now owns 100,000 GameStop shares worth about $ 4 million, the image shows.
The post does not indicate when the shares were purchased. An earlier update, published on the afternoon of February 3, put its position at 50,000 shares. Mr Gill declined to comment.
Much of the momentum surrounding GameStop has waned in recent weeks. Shares have fallen 23% this week to $ 40.59 and have fallen more than 90% since reaching the intraday peak at $ 483 on January 28th. They closed Feb. 3 at $ 92.41.
Mr Gill appeared at a congressional hearing on the GameStop frenzy on Thursday, where a lawmaker was asked if he thought the stock was still attractive. “I think it’s an attractive investment at this price point,” he said.