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DeepF — ingValue doubled on GameStop Corp.
The trader, who became a legend on Reddit’s WallStreetBets forum for his premonitory bet on the video game retailer, posted a screenshot of his brokerage account on Friday afternoon that appears to show he bought 50,000 additional stock actions. Reddit user, whose real name is Keith Gill, now owns 100,000 shares of GameStop worth around $ 4 million, the screenshot shows.
The message does not indicate when the shares were purchased. A previous update, released 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 collapsed in recent weeks. Shares are down 23% this week to $ 40.59 and have fallen more than 90% from their intraday high of $ 483 on Jan.28. They closed on February 3 at $ 92.41.
Mr Gill appeared at a Congressional hearing on the GameStop Frenzy on Thursday where a lawmaker asked him if he thought the action was still appealing. “I find it to be an attractive investment at this price,” he replied.
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