GameStop soars 70% as 'Roaring Kitty', who drove meme craze, resurfaces
Publishing timestamp: 2024-05-13 13:42:32
Summary
"Roaring Kitty," the man who drove the GameStop mania of 2021, posted online for the first time in roughly three years, sparking a rally in GameStop shares. The meme stock frenzy involved individual investors taking aim at short sellers and hedge funds, leading to volatility and trading halts. GameStop has seen a resurgence in May, despite discouraging business fundamentals. The return of Roaring Kitty has rekindled the GameStop meme rally, causing short sellers to lose $1 billion.
Sentiment: MIXED
Tickers: HOOD, GME, AMC, RDDT,
Keywords: business news, markets, stock markets, investment strategy, amc entertainment holdings inc, breaking news: markets, wall street, gaming software, gamestop corp, reddit inc, robinhood markets inc,