DeepF — ingValue has doubled from GameStop Corp.
The trader, who became a legend on Reddit’s WallStreetBets forum for his foresight bet on the video game retailer, posted a screenshot of his trading account Friday afternoon showing that he bought an additional 50,000 shares of the stock. The Reddit user, whose real name is Keith Gill, now owns 100,000 GameStop shares worth about $ 4 million, the screenshot shows.
The message does not indicate when the shares were bought. An earlier update, posted on the afternoon of February 3, brought his position to 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 are down more than 90% since peaking on an intraday basis at $ 483 on January 28, closing February 3 at $ 92.41.
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 think it’s an attractive investment for this price,” he replied.