GameStop surges as Roaring Kitty strikes again
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 3 June 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers today: Meme stocks, GSK, and more
Stocks most loved by hedge funds and mutual funds
Stocks most shunned by hedge funds and mutual funds
Tesla shareholders outside of U.S. are at risk of missing vote
Live Nation confirms Ticketmaster was hacked
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Monday, June 3rd. I'm Julie Morgan. |
| 0:12.0 | To famous and very different kitty. June 3rd, I'm Julie Morgan. |
| 0:13.0 | Two famous and very different kitties are added again. |
| 0:16.6 | Skydance's latest offer for Paramount looks 26% sweeter, |
| 0:21.7 | and Waste Management is interested in Sterecical. |
| 0:26.0 | Game Stop is up 70% in early pre-market action. |
| 0:30.0 | Influential trader Keith Gill known known online as roaring Kitty, |
| 0:34.6 | revealed what appears to be a big stake in Game Stop, |
| 0:38.1 | valued at around 115.7 million dollars. |
| 0:42.1 | Gill, who sparked the meme stock frenzy in 2021, |
| 0:45.8 | on Sunday shared a screenshot on Reddit |
| 0:48.4 | that showed he'd bought 5 million Game Stop shares |
| 0:51.3 | at $21.27 a piece, as well as 120,000 call options worth $65.7 million, |
| 1:00.0 | with a strike price of $20 set to expire on June 21st. |
| 1:05.0 | The trader also posted an image on X of a green reverse card. |
| 1:09.4 | You know the card when you're playing Uno |
| 1:11.5 | that you hate to see Throme down when you don't have a suitable |
| 1:14.5 | color or face card in your hand? Yeah, that one. |
| 1:18.0 | Gill's post on Reddit was not on the infamous Wall Street Betts chat room where he posted updates during the 2021 Game Stop |
| 1:25.6 | craze, although he used the same username. And no, I can't say that name on here. |
| 1:31.2 | Game Stop shares rallied last month after Gill returned to |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.