DeepF — ingValue doubled on GameStop Corp.
The trader, who became a legend on Reddit’s WallStreetBets forum for his prediction on the video game trader, posted a screenshot of his brokerage account on Friday afternoon that revealed he had bought an additional 50,000 shares of the stock. The Reddit user, whose real name is Keith Gill, now owns 100,000 shares of GameStop worth about $ 4 million, the screenshot shows.
The report does not indicate when the shares were purchased. A previous update, posted on the afternoon of February 3, puts its position at 50,000 shares. Mr. Gill declined to comment.
Much of the momentum surrounding GameStop has grown over the past few weeks. Shares have fallen 23% this week to $ 40.59 and have fallen more than 90% since hitting an intraday basis high of $ 483 on January 28th. They close Feb. 3 at $ 92.41.
Mr. Gill appeared at a congressional hearing on the GameStop frenzy on Thursday where he was asked by a lawmaker if he thought the stock was still attractive. “I do find it an attractive investment at this price point,” he replied.