Meme stocks AMC and GameStop are unpredictable and have risen and fallen on social media hype. The post Meme Stocks Soar Then Dive After 'Roaring Kitty' Ignites Frenzy; GameStop Earnings Ahead; Are Meme Stocks A Buy Now?
GameStop, Oracle, Adobe, and Costco report earnings this week. Key insights could move Dow, S&P, and Nasdaq as traders assess retail and tech strength.
GameStop (GME) shares will likely remain in the spotlight on Monday ahead of the video game retailer's eagerly anticipated earnings report due after the bell on Tuesday, especially following a post from social media influencer “Roaring Kitty” Keith Gill that sent the stock soaring last week.
The Fed's focus shifts back to inflation with a key CPI report ahead of the last FOMC meeting of 2024. Key earnings reports this week include Oracle, GameStop, Adobe, Broadcom, and Costco.
GameStop's next quarterly results are due next week. But as is often the case with the retailer, the numbers it reports aren't necessarily the main event.
The videogame retailer's shares jumped following the latest cryptic post from influential trader Keith Gill, aka “Roaring Kitty.”
Thursday, December 5, proved an unexpectedly good day for the main meme stock, with both GameStop (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC) rallying approximately 5% on a somewhat cryptic tweet by Keith Gill – the Roaring Kitty of the 2021 short squeeze fame.
GameStop Corp. GME is back in the spotlight as it gears up for third-quarter earnings on Tuesday, Dec. 10, after the market close.
The reason for the move typifies what the meme-stock frenzy is all about–speculation and volatility driven by an online meme.
GameStop Corp (NYSE:GME)'s ticker symbol $GME is trending on social media website X amid the latest meme rally on the video game retailer's share price. Shares in the company spiked nearly 6% on Friday and another 3% in Friday's pre-market session following the latest cryptic post from meme stock trader Roaring Kitty.
Legendary trader Keith Gill, popularly known as Roaring Kitty, returned to social media on Thursday, sparking a wild spike in cryptocurrencies related to GameStop Corp. GME.
Gill posted a picture resembling a Time magazine cover from 2006 with a computer screen on X.