GameStop and AMC shares surge amid volatile market frenzy
The Guardian - 2024-05-14T20:06:30.000Z

Cryptic posts by ‘Roaring Kitty’ prompt flurry of speculation and boost shares in a string of meme stocks, including BlackBerry Shares in GameStop and AMC Entertainment doubled again on Tuesday, before losing ground, as a turbulent market frenzy surrounding top meme stocks took hold for a second day.Retail traders’ interest in GameStop, the struggling video games chain, has been reignited by the re-emergence of an influencer known as Roaring Kitty. Continue reading

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It's like 2021 all over again — at least, in one bullishness-on-steroids corner of the stock market. Several "meme stocks," or companies whose shares are buoyed by social media buzz rather than traditional business fundamentals like growth and profits, surged ahead of the start of trading on Tuesday. It's the second consecutive day that such stocks have popped in the stock market, following GameStop's 72% surge on Monday. Other favorites with the WallStreetBets, the Reddit forum that spurred the...
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GameStop, AMC shares skyrocket after Roaring Kitty returns; Dave Portnoy pumps $1 million into market
A stock trader who goes by the name Roaring Kitty returned to the limelight, sparking a market frenzy around stocks that are considered meme stocks, which are seemingly propped up by the momentum of the internet.Keith Patrick Gill, aka Roaring Kitty, was known for starting a firestorm in the meme stock category by encouraging a short squeeze on the GameStop (GME) stock in 2021 and then disappearing from the online community.Gill returned by posting a meme on May 12, 2024, at 8 p.m., and by the...
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In related news

AMC, BlackBerry shares surge along with GameStop. Here's why meme stocks are back.

GameStop (GME), AMC Shares Surge as Meme-Stock Rally Extends to Third Day

GameStop, AMC shares skyrocket after Roaring Kitty returns; Dave Portnoy pumps $1 million into market