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 returned to the social platform X for the first time in three years and has sent prices of some of those stocks surging at the opening bell Monday.He followed that tweet with a YouTube video from years before saying, “That’s all for now cuz I’m out of breath.
At Monday's opening bell it appeared that Gill had revived that interest as shares of GameStop doubled, its biggest intraday jump since the meme craze in 2021. Other meme stocks like the theater chain AMC were jolted higher as well in extremely volatile trading.
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.Shares of GameStop Corp., which have faded steadily since 2021, jumped nearly 70%. AMC Entertainment Holdings Inc. leapt 23%.
Koss Co. a headphone manufacturer, spiked 52% and BlackBerry, the one time dominant smartphone maker, rose 7%. The retailer Bed, Bath & Beyond, another meme stock, Shares of GameStop Corp., which have faded steadily since 2021, were already up 57% this month. AMC Entertainment Holdings Inc., had risen 10% over the past 30 days.
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