GameStop sentiment is 'off the charts bullish' says Stocktwits

Dow Jones05-13

MW GameStop sentiment is 'off the charts bullish' says Stocktwits

By James Rogers

GameStop's latest meme-stock rally followed the return of Keith Gill, also known as Roaring Kitty, to social media

Sentiment around GameStop Corp. is "off the charts bullish" the Stocktwits social platform for investors and traders said Monday.

Users posting onto the symbol's stream on Stocktwits were "extremely bullish" amid the meme stock rally that followed the return of influential investor and analyst Keith Gill, also known as Roaring Kitty, to social media.

Related: Roaring Kitty is back, and GameStop stock is rallying. The company still is struggling to make money.

On Sunday Gill, whose analysis of GameStop $(GME)$ created a national phenomenon in 2021, made his first post on X, formerly Twitter, in three years. The post on X indicated that he is paying attention.

Gill followed that post with another on X on Monday morning.

Related: AMC's stock surges along with fellow meme stock GameStop as Roaring Kitty returns

GameStop's shares have surged recently, sparking memories of the videogame retailer's meme-stock heyday three years ago, although Monday's rally has dwarfed recent gains.

Trading in GameStop's stock has been halted four times for volatility Monday. GameStop's shares are up 68.7%, while shares of fellow meme stock darling AMC Entertainment Holdings Inc. $(AMC)$ are up 32.7%.

-James Rogers

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 13, 2024 11:25 ET (15:25 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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05-13
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