U.S. Stock Open Higher on Monday; GameStop Soars 51% as "Roaring Kitty" Return Adds Fuel to Rally

Tiger Newspress05-13

US stocks rose Monday, adding to their solid performance in the prior week, with Wall Street looking toward fresh inflation data this week.

GameStop Corp. shares are poised for the kind of surge last seen during the meme-stock mania of 2021 — coinciding with the social media return of one of the stock’s biggest champions during that time.

The stock jumped as much as 51%in morning trading, putting the video-game firm’s monthly gain on track to top the 87% rally it saw in March 2021. Monday’s move follows a cryptic post on X from Keith Gill, more popularly known by his social media alias “Roaring Kitty.”

Gill gained notoriety in 2021 after posting a series of videos online urging investors to jump on the GameStop bandwagon during the meme-stock frenzy. His post late Sunday evening attracted more than 8 million views in the hours since its publication and is the first from his account since June 2021.

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Comments

KSR
05-13
KSR
GameStop renamed this week as GameStart. 😂
KSR
05-13
KSR
👍

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