USA TODAY International Edition
Who is the guy behind the GameStop stock mania?
Investor was a star runner in Mass.
BROCKTON, Mass. – To the world, Keith Gill is the investor who led an online community to buy stock in gaming company GameStop, causing its price to fluctuate greatly and make some money and others to lose it.
In the Brockton area south of Boston, Gill is someone who grew up in the city, found running as a teenager and went on to become a cross country and track and field star athlete at the college level.
“The kids all know him by name,” said John Fidalgo, coach of Brockton High’s track and field team where Gill competed. “The Gill name is everywhere in our locker room and record board.”
Some students have come through the program and have followed Gill’s path to Stonehill College in Easton, Massachusetts, and studied accounting like he did, Fidalgo said.
Gill, now 34, is married, has a family and lives in Wilmington, Massachusetts. He was not immediately available for comment.
His starting investment in GameStop was $ 53,000. Reuters reported that by Wednesday, Gill’s stock options and options investments with the company were worth around $ 46 million, according to Gills’s Reddit posts. Reuters could not independently verify the posts.
Investor’s Brockton roots
Gill was raised in Brockton by parents Elaine and Steven Gill and has a younger brother named Kevin.
Dave Gorman, organizer of the Brockton Kids Road Race at D. W. Field Park, met Gill around age 13 when he ran in the road race and won in his age division.
He remembers telling Gill that people would be interested in him as a runner when he got to high school, but Gill said he wanted to play baseball. Gill didn’t make the team, so opted for cross country and track.
Gill’s mother later wrote a letter to Gorman published in The Enterprise to thank him for encouraging Gill to run.
Joe LeMar, track coach at B. M. C. Durfee High School in Fall River, Massachusetts, was assistant coach in Brockton when Gill was a student. LeMar remembered his fierce heart and determination, even while competing with knee pain.
One of Gill’s big races was an all state meet in which he placed second. LeMar said Gill was dealing with injuries, but you could see that he wanted to get through the race.
“That was that ‘ Brockton tough,’ ” he said. “You saw it that day.”
After graduating, Gill attended Stonehill where he continued to run cross country and indoor and outdoor track and field. He holds college records for the 800 meter, 1000 and mile, which he ran in 4: 03: 43.
Gill is the college’s only male runner to get All- America honors for all three of the sports, according to his biography for the college’s Hall of Fame, where he was inducted in 2016.
After college, Gill found a mentor who was an investor. He was drawn to the complexity and challenge of investing, according to the Journal. Gill started working at MassMutual, an insurance company, in 2019.
What’s going on now?
Gill has become known by the online user name “DeepF— ingValue” on a Reddit forum called WallStreetBets, a community “for making money and being amused while doing it,” according to the forum’s FAQ.
He’s known as “Roaring Kitty” on his YouTube channel where he talks about investing, changes in GameStop’s stock and his experience investing in it.
At the beginning of the year, GameStop’s stock price was under $ 20. But as individual investors who are members of the WallStreetBets Reddit forum and new investors using the app Robinhood began to buy it, that drove up the price and put pressure on hedge funds that were short selling borrowed shares to make a profit.
With short selling, the hope is that a stock’s price will decrease so that shares can be bought back at a lower price. But when the price rises instead, the investor must buy shares back and lose money.
GameStop’s stock price has fluctuated up to nearly $ 400 and on Friday closed at $ 325 a share.
Gill told the Journal that he would like to use money from investing to make a dream come true.
“I always wanted to build an indoor track facility or a field house in Brockton,” he said in the article. “And now, it looks like I actually could do that.”