GameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail Frenzy
- Shares of the video-game company rally as much as 119%
- Fellow meme-stock AMC Entertainment also soared on Monday
This article is for subscribers only.
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 in an effort to squeeze GameStop short sellers.