Shares in the video game retailer more than doubled at one point after a prominent meme stock investor made his first online posting in about three years.
Shares in video game retailer GameStop surged as much as 118% on Monday after meme stock investor « Roaring Kitty » posted a cryptic image in X, in his first post in the online platform in about three years.
Roaring Kitty, who became one of the key promotors of the 2021 rally in GameStop and in other companies such as movie theater chain AMC, posted a picture of a person who leans forward while gripping a game controller.
The image is known as a meme that suggests things are starting to get « serious. » It was the first posting on X by Keith Gill, who goes by Roaring Kitty online, since June 2021.
Trading in GameStop shares was halted several times, showcasing just how frantic activity around the stock got.
