FILE - A GameStop sign is displayed above a store in Urbandale, Iowa, on Jan. 28, 2021. GRAPEVINE, Texas — The investor at the center of the pandemic meme stock craze said Friday that he still believes GameStop's management team can turn the struggling video game retailer around.
Gill, who has experience as a licensed securities broker and financial wellness educator, was rambling and unfocused at times during his midday live stream, which ran for nearly an hour and marked his first YouTube video in more than three years. “I feel like I see enough here I believe this guy might be able to do it,” Gill said, noting that there are no guarantees, however.GameStop and Cohen haven’t offered many details of the company's turnaround plan, and Gill didn’t offer any ideas of his own.
The New York Stock Exchange paused trading in GameStop more than 15 times by early afternoon Friday due to unusually high volatile trading in the stock.Gill, who also goes by the name Deep F- - - - - - Value on Reddit, shared a screenshot late Sunday the r/SuperStonk forum that people speculated could be an image of the shares and call options Gill holds in GameStop. The image showed that Gill may hold 5 million shares of GameStop that were worth $115.7 million as of the closing price on Friday.
In its filing to sell up to 75 million shares of stock, GameStop noted that between Feb. 4 and June 6, the closing price of its stock has ranged between $10.01 and $48.75, and daily trading volume ranged from 1.7 million shares to nearly 207 million shares.