Return of ‘Roaring Kitty’ sparks big gains
) jumped nearly 40% each in premarket trading on Tuesday, and are on track to extend gains from a day earlier when a series of posts from “Roaring Kitty” rekindled a rally reminiscent of the meme stocks trading frenzy.
“Roaring Kitty,” the social media persona of Keith Gill, credited with setting off the so-called Reddit rally in January 2021 with his bullish calls on GameStop, posted on social media platform X, formerly Twitter, after nearly three years. The series of cryptic posts did not mention any company names but sparked speculation in the retail trading community that he might get back in action.
AMC also surged 78% to $5.19. The world’s largest theater chain more than doubled from a record low it hit in mid-April.
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