24H | GameStop Jumps 19% in Overnight Trading; Nio Gains 5%

Tiger Newspress06-03

GameStop jumped 19.19% in overnight trading on speculation Keith Gill, the man who inspired 2021's epic short squeeze, could currently have a huge position in the video game retailer.

Gill, who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube and X, reappeared Sunday night, posting a screenshot of what could be his portfolio holding a significant amount of GameStop common shares and call options.

The Reddit trading crowd's favorite trader holds 5 million shares of GameStop worth $115.7 million as of Friday's closing price, according to the account snapshot posted on Reddit's r/SuperStonk forum. The account also showed a position of 120,000 call options in GameStop with a strike price of $20 that expire on June 21st that were purchased for about $5.68 each. GameStop shares closed Friday at $23.14.

Nio gained 5% in overnight trading after hitting record deliveries in May, despite not launching any all-new models so far this year, except for minor facelifts.

The electric vehicle (EV) maker delivered 20,544 vehicles in May, up 233.78 percent from 6,155 in the same month last year and up 31.52 percent from 15,620 in April, according to data it released today.

Nio's SUVs delivered 12,164 vehicles in May, up 37.96 percent from 8,817 in April. Its sedan models delivered 8,380, up 23.18 percent from 6,803 in April.

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