At the beginning of the year GameStop shares were worth $17. But after climbing to $483 last week, the stock's price is falling and was around $53 as of Thursday.
Gill, who was not available for comment, has only given an interview to the Wall Street Journal. He said money from his investments could be used to build an indoor track facility.
“Keith was a storied runner at the College and by all accounts of his coaches and classmates, a fine competitor and a great friend. If he indeed has mentioned ‘giving back’ to the community he grew up in, that would, of course, be a generous and thoughtful thing to do,” Stonehill College spokesman Martin McGovern said in a statement.