GameStop surged to nearly 70 percent after Roaring Kitty, the online streamer who drove the GameStop short squeeze in January 2021, made his first social media post in three years on Monday.
GameStop traded up as much as $36.70, or 110 percent, on Monday morning. Trading GameStop stock has so far been halted multiple times due to “volatility.” Stock for AMC, which was also targeted during the 2021 squeeze, increased 19 percent, and shares for Reddit increased 11 percent. The post, which amassed 73,000 likes and 14 million views in 15 hours, was a simple cartoon of a man adjusting himself in his chair to become more alert with what appears to be a video game controller in his hands. On his profile, he has pinned a four-minute video explaining the GameStop short squeeze from 2020. He continued to post memes throughout Monday morning.
X users replied with posts asking Roaring […]
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