Gme stock, meme stocks surge as Roaring Kitty returns to social media

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Shares of GameStop (GME) and other meme stocks soared on Thursday after Keith Gill, known online as “Roaring Kitty,” made a long-awaited return to social media.

Shares of GameStop jumped as much as 14% by Thursday afternoon.

This marks Gill’s first post on X (formerly Twitter) since September, reigniting enthusiasm among retail investors who view him as a pivotal figure in the meme stock phenomenon.

GameStop, the iconic stock of the Reddit-driven rally, saw its shares climb sharply in intraday trading. The surge extended to other meme stocks, including AMC Entertainment and Bed Bath & Beyond, as online communities buzzed with excitement over Gill’s reemergence.

Roaring Kitty gained notoriety during the GameStop frenzy of early 2021, when retail investors banded together on platforms like Reddit’s WallStreetBets to challenge institutional short sellers.

Also Read: Who is Roaring Kitty? Uncovering the man behind the GameStop revolution

His detailed analysis and charismatic online presence galvanized a movement that disrupted Wall Street and brought meme stocks into mainstream focus.

While Gill’s recent post on X was cryptic and did not directly address the stock market, it was enough to stoke renewed optimism among his followers. Social media forums quickly lit up with speculation, memes, and rallying cries, underscoring the lasting impact of Gill’s influence.

Market analysts noted that the resurgence of meme stock interest highlights the unpredictable nature of retail-driven trading. “It’s a reminder that sentiment, not fundamentals, often drives these stocks,” said one analyst.

However, they also cautioned investors about the inherent risks associated with volatile meme stocks.

As trading continues, all eyes are on whether this momentum can be sustained or if it will follow the boom-and-bust cycle that has characterized meme stocks in the past.

For now, Gill’s reappearance has breathed new life into the movement, proving once again the power of social media in shaping market trends.

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