GameStop’s shares have surged 110% in Monday’s trading session due to the return of Roaring Kitty, the progenitor of the retailer’s short squeeze in 2021
Indeed, Keith Gill, the person behind the alias, has uploaded a new video for the first time in years.
For the first time since 2021, Gill has posted a range of videos and photos on X (formerly Twitter). The postings include allusions to movies and TV shows and allude to the return of the trader who sparked the four-year-old Gamestop stock boom.
Roaring Cat Returns as GameStop Soars
Stranger than fiction, one guy started a movement to increase the worth of a well-liked video game store. A Reddit user going by the handle Roaring Kitty contributed to the 2021 value of GameStop equities, a first for the stock market in terms of community empowerment.
The market is comparable, with one well-known player joining the fray. GameStop has increased 110% since that same Roaring Kitty reappeared. In particular, it was the first time Keith Gill has posted on social media site X since 2021.
Gamestop had five stock trading halts, during which time its value had increased. Gill included a diagram in his return post showing a man slumping into his chair rather than sitting up. Then, Roaring Kitty posted a few further videos that hinted at his anticipated comeback.
In addition, AMC’s value has risen by 33% today, while other stocks have also increased. On the other hand, the Monday GameStop rise has cost short sellers about $1 billion.
That trend is becoming more and more akin to 2021, when Gill first expressed dissatisfaction with well-known investment companies shorting GameStop shares. Those feelings were ultimately what first sparked the movement.