Shares in GameStop, AMC Entertainment and other meme stocks were on a rollercoaster during premarket trading Friday after “Roaring Kitty,” the finance influencer credited with kickstarting the original meme stock craze, scheduled his first livestream in years.
GameStop stock (NYSE: GME) is up 165% year-to-date, and the cryptocurrency market has navigated this hype with a GME memecoin. A Solana (SOL) DeFi trader has made $2.8 million in unrealized profits with this purely speculative meme token.
Market attention is firmly fixed on today's release of jobs data, which could be key to the Federal Reserve's rate-cutting path.
Keith Gill (aka Roaring Kitty), the online mover and shaker of stock prices, has been back trading GameStop Corp.
The catalyst? Nothing as straightforward as an earnings report or bid approach but a post on the YouTube channel once used by the investor.
No stock is currently garnering more attention on Wall Street than GameStop (NYSE: GME), thanks to Keith Gill, aka Roaring Kitty, taking on institutional short-sellers again and earning a hefty sum.
GameStop reported its first-quarter results Friday, showing a steep decline in sales along with a loss on the bottom line.
GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.
GameStop shares jumped over 30% in premarket trade early Friday, ahead of a YouTube livestream scheduled by meme stock leader "Roaring Kitty." Roaring Kitty, real name Keith Gill, was a key figure in the famed "meme stock" rally of 2021 through his long livestreams and posts on the now-famous WallStreetBets chatroom.
GameStop Corp (NYSE:GME) shares rallied 47% on Thursday and by 31% in aftermarkets as Keith Gill, the investor known on social media as "Roaring Kitty", said he would return to livestream. Gill, the man behind the original meme stock rally, scheduled a broadcast on his YouTube channel for Friday at noon ET.
GameStop (GME) shares soared over 47% Thursday after Keith Gill, who goes by "Roaring Kitty" and was one of the key players in the 2020 and 2021 meme-stock craze, scheduled his first YouTube livestream in more than three years.
GameStop shares surge more than 40% after meme stock influencer "Roaring Kitty" announced a YouTube livestream event on Friday, marking his return to the site after a three-year hiatus.