Roaring Kitty's Comeback Ignites Massive Gains in GameStop & AMC
Speculation Mounts Around Meme Stocks
The stock market was set ablaze on Monday as Keith Gill, famously known as Roaring Kitty, suddenly returned to social media, reigniting the meme stock frenzy that captivated the world in 2021.
Dramatic Market Reaction
The post on X and a cryptic video clip from Gill attracted millions of views, leading to significant spikes in GameStop and AMC Entertainment’s stocks.
GameStop briefly surged by 110%, triggering multiple trading halts, while AMC also experienced a substantial increase during the trading session.
Impact of Gill’s Resurgence
Keith Gill's recent activity not only influenced GameStop and AMC but also led to rallies in other meme stocks like BlackBerry and Trump Media & Technology Group Corp., although some industry analysts remain doubtful about the sustainability of these gains.
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