Meme stocks soar on Roaring Kitty's rumored return

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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.

 

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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.
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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.
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