Shares up 74% premarket (Il Sole 24 Ore Radiocor) - New York, 03 Jun - Shares in GameStop soared in pre-market trading amid speculation that the man behind a 2021 short squeeze on the meme stock had built a significant position in the videogame retailer.

A Reddit account associated with Keith Gill, also known as Roaring Kitty, appeared to show he had built a 116 million dollar stake in the company as well as a big options bet.

A post on Sunday showed he had a holding of 5 million shares bought at 21.27 dollars, as well as a call-options position, expiring June 21, worth 65.7 million.

At 1208 GMT, GameStop shares were up 74%.

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(RADIOCOR) 03-06-24 14:17:57 (0391) 5 NNNN