Meme stocks soar on Roaring Kitty's rumored return

  • 📰 axios
  • ⏱ Reading Time:
  • 26 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

New York Stock Exchange News

Stock Market,NASDAQ

Keith Gill helped fuel the meme-stock craze of 2021.

Share on email Gill helped fuel the meme-stock craze of 2021 by rallying an army of retail traders, who sent shares of battered companies soaring.Then, on Monday, speculation of his return hit the market, and GameStop, the name most closely associated with the trader, jumped more than 70%.

AMC Entertainment rose 40%, while Beyond — the new name for Overstock that acquired meme darling Bed Bath & Beyond last year — jumped more than 18%.that showed a sketch of a man leaning forward in a chair while holding a videogame controller, as if he were re-engaging.Before that, his last social media post was June 2021, which consisted of video clips of cats going to sleep.over the past couple of years. Even with today's rally, GameStop shares are down over 50% since June of 2021.

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:

 /  🏆 302. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

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 »

Roaring Kitty is back, and so are meme stocksThe 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. Keith Gill, better known as “Roaring Kitty,” posted an image on Sunday of a man sitting forward in his chair, a meme used by gamers when things are getting serious.
Source: AP - 🏆 728. / 51 Read more »

Roaring Kitty is back, and so are meme stocksThe 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: ksatnews - 🏆 442. / 53 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 »