GME Soars as ‘Roaring Kitty’ Resurfaces Amid Meme Craze

GameStop shares have been making headlines once again, with a recent 21% premarket rally following a post by the infamous “Roaring Kitty” after a three-year hiatus. This resurgence has piqued the interest of many investors, especially those who followed the meme stock craze of 2021 driven by retail traders like Keith Gill, also known as DeepF——Value on Reddit.

Keith Gill played a key role in attracting retail interest and orchestrating a massive short squeeze in GameStop’s stock, which led to unprecedented volatility and even prompted Congressional hearings involving major players in the finance industry. The stock hit an all-time intraday high of $120.75 in January 2021 before plummeting to a three-year low of $9.95.

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However, GameStop’s recent uptick in performance has reignited investor speculation, with the stock surging 57% in May alone and closing at $17.46 on Friday. This resurgence has once again put GameStop in the spotlight and has many traders and investors closely monitoring its movements.

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