GameStop stock was once again skyrocketing Tuesday , a day afterthe return of Roaring Kitty — the American investor known for his Reddit posts — drove the share precipitously higher andbrought meme stock certificate mania back to the market place .
The video plot retail merchant ’s stock was up a thumping 120 % in pre - market trading Tuesday morning . The shares were up 82 % after market open up , and have now spiked almost 210 % over the last week .
Posting under the name Roaring Kitty , Keith Patrick Gill is known for igniting GameStop ’s massivememe stockshort squeeze in 2021 , then disappearing from the net . He broke his three - twelvemonth hiatus with a tweet on Sunday , causing the video biz retail merchant ’s shares to surge by more than 110 % Monday . Trading was hold multiple clip Monday and the shares ended the day up more than 74 % .
Photo: Shannon Stapleton (Reuters)
That helped send other meme stocks higher , with AMC Entertainment rising 78 % . And democratic memecoins Dogecoin and Shiba Inu pass over more than 6 % and about 5 % , severally .
Gill gained internal attending during the pandemic for his bullish analysis of GameStop on Reddit . On Sunday , he posted a characterization on X showing a gamer run forrader in the professorship , indicate intense focus — and prompt venture among followers that he ’ll return to Reddit . The tweet has been viewed by over 10 million people as of Monday dayspring .
GameStop ’s running game as a meme stockreached its vertex in 2021when a radical of little investors , encourage by the Reddit community WallStreetBets and aid along by anElon Musk tweet , press its shares from $ 3 to $ 120 .
But GameStop has struggled since 2021 , unable to keep up with peregrine gambling ’s plosion . In its 4th - after part earnings report , the video plot retailer had disappointing resultant role , with sales declining and monolithic layoff .
This article originally appear onQuartz .
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