GameStop Stock Soars After Roaring Kitty Tweet

Shares of GameStop (GME) and different meme shares popped on Thursday after Roaring Kitty, the web alias of meme inventory ringleader Keith Gill, posted to X for the primary time since September.

Shares of GameStop jumped as a lot as 14% Thursday afternoon whereas AMC Entertainment (AMC), one other favourite amongst meme inventory merchants, surged as a lot as 13%. Shares of on-line pet retailer Chewy (CHWY), additionally a meme inventory favourite, had been unaffected.

Gill, at 1:45 p.m. ET on Thursday, posted a photograph of a pretend TIME Magazine cowl that includes only a desktop pc monitor and keyboard. As of three:45 p.m., the publish had been seen 3.1 million instances.  

Gill has repeatedly sparked meme inventory rallies by posting cryptic messages and pictures to X, the place he has 1.6 million followers. The final frenzy got here in early September when he posted a photograph that was taken by some as an indication that he had offered a few of his sizable place in Chewy. That publish despatched Chewy inventory plummeting and GameStop hovering. 

After turning into one of many faces of the 2021 meme inventory craze, Gill took an extended hiatus from public life. He returned to X with a torrent of posts in May and has since sporadically posted, every time setting off a flurry of hypothesis.

GameStop and AMC pared their beneficial properties later in Thursday’s session. They had been up 6% and 5%, respectively, at 3:45 p.m. ET.