GameStop (NYSE: GME) shares saw a significant increase on Monday, December 5, 2024, after popular influencer and meme stock advocate Keith Gill, also known as ‘Roaring Kitty,’ posted a cryptic message on social media. The tweet, which included a video featuring the iconic song ‘Time’ by Pink Floyd, ignited excitement among retail investors. Specifically, GameStop shares soared by 15% to reach $28.21, reflecting the influence of social media on stock trading. Gill’s connection to GameStop emerged during the 2021 meme stock phenomenon when he played a pivotal role in driving its stock price from $17.25 to an astonishing $483 per share in a matter of days. Financial analysts, including those from Seeking Alpha, noted that GameStop shares are among the classic meme stocks that can rapidly gain traction based on social media engagement. Gill stated, ‘It’s incredible to see how the community responds to these signals,’ highlighting the power of collective sentiment in the market. This resurgence of interest in GameStop reflects a broader trend concerning meme stocks, with names like AMC and Blackberry also experiencing notable increases. On social media platforms, users are calling for a return to previous heights of meme stock trading, further driving the rally sparked by Gill’s tweet.
GameStop Shares Surge Following Roaring Kitty’s Mysterious Tweet
