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GameStop soars on Wall Street, recording an incredible +110% during trading, before the stock’s trading was blocked. The rumors of a return of Keith Gill, who hit the headlines in 2021 as the Roaring Kitty behind the surge in the title and meme stocks, pushed the American company’s shares.
Rumors about Gill spread when an image of a man holding what appears to be a video game controller appeared on Roarink Kitty’s X account. The image was interpreted as his return to action.
The post attracted more than 12 million views in the hours after it was posted, Gill posted again on X shortly after, this time a short video clip in which the message is: “Well, I’ll do it myself.”
GameStop stock, it should be remembered, rose by more than 2,000% at the beginning of 2021, bringing meme stocks to the attention of the markets. After adjusting for a stock split, shares peaked at $86.88, before plunging about 88% in three weeks.
