GME Jan 2025 60.000 put
- Yahoo Finance
GameStop stock gains more than 100% as meme-stock market returns with a vengeance
GameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
- Yahoo Finance Video
Retail trading is back in a big way: WallStreetBets mod.
Meme stocks like GameStop (GME) and AMC Entertainment (AMC) are surging in interest after Keith Gill, who goes by "Roaring Kitty" on X (formerly Twitter), posted on social media for the first time in three years. Gill was in part responsible for the meme stock frenzy perpetuated by retail traders in 2021. Head Moderator of r/WallStreetBets Noor Al joins Market Domination Overtime to give insight into the renewed interest in meme stocks and a potential influx of retail trading. When asked if this is just a fad, Al responds: "I think we've actually seen the build-up for today's activity over the past two weeks, and even just three days ago when we were talking about DFV [Keith Gill aka Roaring Kitty] liking a tweet for the first time in three years. So there's precedence and there's been a lot of build-up to this moment to today." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
- Yahoo Finance Video
GameStop meme trade's origins: Who is Roaring Kitty?
GameStop (GME) is back in the spotlight after trader Keith Gill, known as "Roaring Kitty" online, resurfaced with a post on X. Gill led the GameStop short squeeze in 2021, and following his online comeback, shares of the video game retailer soared nearly 80%. Yahoo Finance Head of News Myles Udland recaps the meme stock's frenzy and what to expect of Roaring Kitty this time around. "There is a very clear momentum when a certain person — in this case, Keith Gill, also known as Roaring Kitty — speaks about a certain stock, in this case, GameStop. There is an impulse to buy it because of what has happened in the past," Udland explains. Gill gave detailed breakdowns of GameStop's business back in 2020, telling Reddit users that the stock was undervalued. "He was a true believer way before there was any meme," Udland says. The resurgence of "Roaring Kitty" has already popped meme stocks as traders look to see what call Gill might make next. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
