How much is GameStop worth?

The post showed a holding of five million shares in GameStop worth just under $116 million, nearly $30 million in cash and a large number of options that give the holder the right to buy more stock at $20 per share. The market data provider Unusual Whales posted that there had been a spike in trading for those options.

Why did GameStop's shares soared on Monday?

GameStop’s shares soared on Monday after the long-dormant Reddit account associated with Keith Gill, the trader known as Roaring Kitty, who helped spur 2021’s meme-stock mania, appeared to show a big stake in the video game retailer. It was GameStop’s second major rally in two months, seemingly prompted by social media buzz.

Why did GameStop go up 21 percent?

It was GameStop’s second major rally in two months, seemingly prompted by social media buzz. The stock more than doubled at one point before the open of official trading, and settled at a gain of about 30 percent in the afternoon, a move adding billions of dollars to the company’s market value. By the close of trading, the price was up 21 percent.