GM Dropped an EV Battery Bombshell. The Market Hasn’t Noticed.

The car company said it and LG Chem are building a production facility in Tennessee. Think of a Tesla Giga factory, GM style.

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  GM's second $2.3B battery plant with LG Chem to open in late 2023

  TechCrunch
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  GM, LG Energy Solution to build 2nd U.S. battery plant in Tennessee

  Reuters

GameStop Investor Keith Gill Doubles Stake To 200,000 Shares, Worth $31 Million

On Friday, Keith Gill exercised his 500 GameStop call options to get 50,000 more shares at a strike price of $12, which is less than a tenth of the current stock price. What Happened: Keith Gill, the Reddit WallStreetBets trader, also bought 50,000 more GameStop Corp (NYSE: GME) shares, bringing his total investment to 200,000 shares worth more than $30 million. Gill — who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube — is the man who helped inspire the GameStop short squeeze in January. On Friday, he shared a screenshot of his portfolio marked "final update" on the WallStreetBets subreddit. The screenshot showed nearly $34.5 million in his assets with $30.9 million of GameStop shares and $3.5 million in cash. The Wall Street Journal also reported Gill held more than $30 million in assets. Gill uploaded a video on YouTube entitled "Cheers everyone!" According to Gill's latest update on Reddit's r/WallStreetBets forum, his average price paid for GameStop shares is $55.17. Keith Gill gained fame amid Reddit's WallStreetBets craze. He has been posting about GameStop for a year and also making videos on YouTube. Gill found himself in the middle of the GameStop story after posting about large gains made from buying the stock before its 1,000% increase. Gill was registered as an agent with MML Investors Services LLC, a broker-dealer arm for Mass Mutual. Last month, the company filed a termination request with FINRA to remove Gill's broker license. In February, a class-action lawsuit was filed against Gill after the GameStop short squeeze. He appeared at a Congressional hearing in February regarding Reddit's influence on the market. The CEOs of Robinhood, Citadel and Melvin Capital also spoke at the hearing. Price action: GameStop closed Friday at $154.69. Image: Screenshot of Keith Gill's video See more from BenzingaClick here for options trades from BenzingaKorean EV Battery Suppliers To Ford, VW Reportedly Reach Agreement To Avoid Import DisruptionWhy Alibaba Just Got Hit With A Record .87 Billion Fine In China© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  ‘Roaring Kitty’ Boosts GameStop Bet After Exercising Options

  Bloomberg
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  GameStop: Overvalued and Vulnerable to the Digital Threat

  TipRanks

Investors should literally 'go away in May' this year: NYSE trader

'Sell in May and go away,' advises the trading maxim. But with stocks at record highs, one trader at the New York Stock Exchange is recommending a related but different strategy.

4 Electric-Vehicle Charging Stocks at Fire-Sale Prices

The total market value of the EV charging stocks amounts to roughly $15 billion, a tiny fraction of the near-trillion-dollar market valuation of all the EV maker stocks combined.