Youtuber Keith "Roar Kitty" Gill
GME Stock and AMC shares surged early Monday as key player Keith Gill, known for sparking the meme stock rally, returned to social media after three years. Trading on GME stock was temporarily paused on the New York Stock Exchange multiple times as shares skyrocketed.
Roaring Kitty Returns
Keith Gill, aka Roaring Kitty, reappeared on social media platform X for the first time since June 2021, posting a meme implying a "serious" approach.
Gill gained notoriety in 2020 and 2021 as a driving force behind the GameStop short squeeze. He was later called to testify regarding market manipulation.
Meme Rally Resurgence
Retail investors celebrated Gill's return, fueling GME stock's surge of about 78% early Monday, prompting trading halts due to volatility.
GameStop shares had been flat for the year until Friday, closing at 17.46.
AMC's Rally
AMC Entertainment (AMC) also rallied 19% on Monday, recovering from a 53% dive in 2024 through Friday.
The surge in GME stock and AMC shares echoes the previous short squeeze drama, detailed in the movie "Dumb Money."
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