DeepF — ingValue doubled at GameStop Corp.
The trader, who became a legend on Reddit’s WallStreetBets forum for his prescient bet on the video game retailer, posted a screenshot of his brokerage account on Friday afternoon that appears to show that he bought an additional 50,000 shares. The Reddit user, whose real name is Keith Gill, now owns 100,000 GameStop shares worth about $ 4 million, shows the image.
The post does not indicate when the shares were purchased. An earlier update, published on the afternoon of February 3, placed its position at 50,000 shares. Mr. Gill declined to comment.
Much of the momentum around GameStop has waned in recent weeks. Shares fell 23% this week to $ 40.59 and have fallen more than 90% since the intraday peak at $ 483 on January 28. They closed on February 3 at $ 92.41.
Gill appeared at a congressional hearing on the GameStop frenzy on Thursday, when he was asked by a lawmaker whether he thought the action was still attractive. “I think it is an attractive investment in this price range,” he replied.