A gamma squeeze occurs when heavy call option buying sparks a feedback loop and rapid stock price hike (see GameStop). Stock Strategist Andrew Rocco explains.
Shares of GameStop were down by more than 40% as of 1:15 p.m. Eastern time despite the highly anticipated reappearance by "Roaring Kitty.
Meme stock leader Keith Gill, also known as Roaring Kitty, made his return to YouTube after three years away from the platform with a livestream that generated more than 600,000 viewers and addressed his belief in video game retailer GameStop, which has experienced volatile stock swings since Gill's return to social media last month.
Meme stock retail trader Keith Gill indicated Friday that he still likes GameStop as he live-streamed on his “Roaring Kitty" YouTube channel for the first time in three years.
The man who sparked the meme stock rally with his bullish comments in support of stocks like GameStop Corp (NYSE:GME), Keith Gill (known online as “Roaring Kitty”) has returned to livestreaming. More than 450,000 people tuned in to Gill's Youtube channel at 12pm Eastern Time for this first livestream since 2021.
GameStop, the company, is in trouble. GameStop, the stock, is roaring.
GameStop shares are sinking Friday after the company released earnings early and announced another stock offering ahead of Roaring Kitty's livestream.
It has been an interesting week for Keith Gill, also known as Roaring Kitty on social media. The man credited with igniting the GameStop (NYSE: GME ) short squeeze of 2021 picked this May to return to X (formerly Twitter) and other social media platforms after a multi-year hiatus.
Influential trader and analyst Keith Gill, also known as Roaring Kitty, will host his first YouTube livestream in three years Friday, which may offer insight into his recent actions that sent shares of meme stocks GameStop Corp. and AMC Entertainment Holdings Inc. skyrocketing.
GameStop NYSE: GME shares have retested the $10 level once and will do it again because the company is lost. Like Blockbuster before it, its once-hot business lost relevancy and has nowhere to go but out of business, and it looks like the failure is accelerating.
GameStop's (NYSE: GME ) at-the-market (ATM) offering is here and it really shouldn't surprise anyone given the recent surge in shares. Offering the same dollar amount of shares at a higher price will result in less dilution when compared to offering shares at a lower price.
GameStop Corp (NYSE:GME) stock is having quite the volatile morning, ahead of Roaring Kitty's first YouTube appearance in three years, scheduled for 12pm ET.