The crazy phenomenon of the stock market is back
Keith Gill, known as “The Roaring Kitty” on social media and fueling the GameStop craze in late 2020, returned to the markets after three years of silence. After Gill’s shares, the shares of the US video game vendor GameStop rose by up to 51 percent in pre-market transactions on Tuesday, while the shares of the world’s largest movie theater chain, AMC, increased by up to 58 percent.
Keith Gill, nicknamed “Roaring Kitty”, shared on the social media platform X about three years later. Since Sunday, Gill has shared a meme and more than 10 clips from movies including “X-Men Origins: Wolverine” and “The Avengers.”
After Gill’s shares, GameStop’s shares rose up to 51 percent in pre-market transactions, while AMC’s shares increased up to 58 percent. J.P. Both GameStop and AMC were the most traded stocks by retail investors on Monday, according to Morgan data.
GameStop soared as much as 118 percent on Monday, closing at a two-year high and its market value rising from nearly $4 billion to $9.32 billion.
AMC also rose 78 percent to $5.19. The world’s largest cinema chain has more than doubled from a record low in mid-April.
“GameStop was the second most traded stock by retail investors in terms of non-cash call option volumes on Monday,” said Giacomo Pierantoni, Chief Data Officer at Vanda Research.