GameStop’s stock price skyrocketed by more than 30% on Thursday following an announcement from the popular online stock influencer “Roaring Kitty” about an upcoming livestream on YouTube scheduled for Friday.
This surge is just the latest development in the rollercoaster ride of trading activity surrounding the struggling video game retailer’s shares, which began last month when Keith Gill, also known as “Roaring Kitty,” made a comeback to X.com after a three-year absence.
The “Roaring Kitty” YouTube channel teased the livestream set for 6 am ET on Friday, generating even more excitement among investors.
Earlier in the week, GameStop’s stock saw a more than 20% increase after Gill’s Reddit profile resurfaced with a massive $116 million investment in the company following his hiatus.
Gill played a significant role in the 2021 surge of GameStop and other meme stocks, driven by the collective actions of individual investors on Reddit’s wallstreetbets forum.
(Written by Noel Randewich, Edited by Nick Zieminski)
2024-06-06 13:26:38
Source from finance.yahoo.com