Before the market opened on June 3, GameStop Corp. (NYSE: GME) shares were up over 100%.
Video games continue to be one of the most popular forms of entertainment in the world. Nearly 50 years after the first video game consoles debuted, the industry is stronger and more diverse than ever.
GameStop shares soared in premarket trading on Monday after Roaring Kitty, the man who inspired the 2021 meme stock frenzy, posted what appeared to be evidence of a massive position in the game retailer, the latest buying mania for the brick-and-mortar store following the meme stock celebrity's return to social media after a years-long absence.
Shares in GameStop Corp (NYSE:GME) soared 65% in premarket trading after noted 'meme stock' trader Keith Gill posted a screenshot of his latest trades. Gill, the former professional trader who goes by the moniker of Roaring Kitty, issued the first post from his Reddit (NYSE:RDDT) account in a while.
GameStop's (NYSE: GME) stock experienced a dramatic surge of nearly 100% in early morning trading on June 3, 2024, following a significant move by Keith Gill, also known as “Roaring Kitty.”
GameStop shares surged ahead of Monday's opening bell after trader Keith Gill, who posts on social media under the aliases "Roaring Kitty" and "DeepFuckingValue," revealed he holds a $116 million stake in the struggling retailer. The stock was up 84% in premarket trading shortly before 5 a.m.
The GameStop (NYSE: GME) stock saga has gripped the trading community again, causing GME shares to surge to $70. However, the hype quickly faded despite the influence of Keith Gill, also known as Roaring Kitty, who contributed to the surge with a series of cryptic tweets.
Indian Prime Minister Narendra Modi appears set to win a third term, while South Africa's ruling African National Congress lost its 30-year parliamentary majority.
Meme stock GameStop saw another speculative pop in overnight trading as speculation grew that Keith Gill could have a huge position in the video game retailer.
Keith Gill, writing on Reddit, posted a screen shot that shows he has a $181.4 million position in the mem favorite.
Shares of GameStop Corp. are up 99% this month, according to Dow Jones Market Data, putting the stock on pace for its best monthly performance since the January 2021 meme-stock frenzy.
When even a presidential candidate is getting caught up in the meme stock mania, maybe it's time to stop doubting. Independent candidate Robert F. Kennedy Jr. recently said he bought $24,000 worth of GameStop (NYSE:GME) stock. It came after the massive rally and decline in its shares.