GameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Meme Mania
Shares of the video game company ‘Gamestop’ rally as much as 119%
Fellow meme-stock AMC Entertainment also rises on Monday
Tweet on Gamestop shares frenzy after Roaring Kitty ‘signal’ on X
GameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Meme Mania through a 'puzzling' tweet as a 'buy' sign to retail investors#GameStop #memestock #RoaringKitty https://t.co/LTEpi1R2Jo
— The_Journalbiz (@the_journalbiz) May 13, 2024
Thejournlabiz retweet of Roaring Kitty tweet
GameStop Corp. shares surged as speculation swirled around a return to social media by Keith Gill, who drove the meme-stock mania of 2021 under the moniker “Roaring Kitty.”
The account’s post on X showed a man leaning forward with what looked like a gaming controller, which some traders interpreted to mean that Gill is coming back into action. Gill, whose account has long been dormant, shot to fame in 2021 by rallying day traders on Reddit to squeeze GameStop short sellers.
The post had attracted more than 12 million views in the hours since its publication, Gill posted on X again at 11 a.m. New York time, this time a short video clip stating “Fine, I’ll do it myself.”
