Keith Gill after years he returned to posting.
Better known by his online alias “Roaring Kitty” posted the image of a man leaning forward in a chair.
The image that had coverage of over 24 million views, seemed to indicate someone sitting down and starting to pay attention, included no other information and no reference to a particular title. However, the mass linked it to GameStop, about which Gill had published in recent years on the Reddit platform. After an excessive amount of short positions against the stock, it rose by more than 2,000% at the beginning of 2021 with shares peaking at $86.88.
This gave birth to the term “meme stocks”stocks that move largely based on social media sentiment, rather than actual company fundamentals.
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Any positive information/data will appear green and with the bull icon as a potential bullish push, while negative data that could cause possible declines will appear in red and with the bear icon. Furthermore, if you click on the individual data, further, even more in-depth information opens.
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here is the InvestingPro Fair Valuebased on several recognized financial models and adapted to the specific characteristics of the company:
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For GameStop, InvestingPro’s Fair Value, which summarizes 13 investment models, highlights a sharp decline of +67.6% compared to the current price. the stock, despite the heavy losses in the last year, had a temporary increase of +110% while the NYSE even blocked the “buy” button, stopping trading 5 times due to volatility.
To date, for the reasons mentioned above, it could retest the highs of 2022. At the moment the pre market reports a +40%
Meanwhile the number of searches and interest is increasing in the last few hoursjust look at it on Google (NASDAQ:) Trends
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