Roaring Kitty is back and so are meme stocks, GameStop and AMC surge like its 2021

  • 📰 10TV
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Mid-Ohio Food Collective is on a mission to fight senior hunger this spring.

It wasn't only GameStop that caught fire Monday. Some of the same meme stocks that recorded astronomical gains back in 2021 surged as well.FILE - Keith Gill, a GameStop investor, also known as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Feb. 18, 2021.NEW YORK — The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of those quirky and volatile stocks sharply higher Monday.

At Monday's opening bell it appeared that Gill had reignited that phenomenon as shares of GameStop more than doubled at the opening bell and were trading 60% higher at midday. It's the biggest intraday trading jump for GameStop since the meme craze in 2021. Other meme stocks like the theater chain AMC were jolted higher as well.

The small guys won, at least for a while, driving shares of GameStop up more than 1,000% in 2021, and other meme stocks as well. The struggling movie theater chain AMC jumped 2,300% in the same year.Gill and other investors in GameStop were betting, in part, on the ability of Ryan Cohen, co-founder of Chewy.com, to push the traditional retailer in a more online direction.

AMC Entertainment Holdings Inc. leapt 33%. Koss Co. a headphone manufacturer, spiked 25% and BlackBerry, the one time dominant smartphone maker, rose 7%. The retailer Bed, Bath & Beyond, another meme stock,

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 560. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reddit, Robinhood shares surge as 'Roaring Kitty' return rekindles GameStop meme rallyThe social media company and retail brokerage could both see increased activity from a return of meme stock trading.
Source: CNBC - 🏆 12. / 72 Read more »

GameStop Stock News: Roaring Kitty meme sends meme stocks soaringIt was the meme heard ‘round the world. On Sunday, May 12, Keith Gill posted a meme on X (formerly Twitter) of a man leaning forward in his seat, which is normally used by video game enthusiasts to mean a situation is getting serious.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Solana Memes, GameStop Stock Jump 44% in Premarket as 'Roaring Kitty' Returns on XShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Source: CoinDesk - 🏆 291. / 63 Read more »

Roaring Kitty is back, and so are meme stocks, GameStop surges 40%The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight.
Source: wjxt4 - 🏆 246. / 63 Read more »