GameStop

Kitty

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>GameStop shares soared 110% today, and last traded up to 83.2% before a halt in trading due to high volatility.</li> 
 <li>Keith Gill aka Roaring Kitty is back on X following a 3-year hiatus.</li> 
</ul> 
<p>According to the latest reports from <a href="https://www.cnbc.com/2024/05/13/gme-jumps-as-trader-roaring-kitty-who-drove-meme-craze-posts-again.html" rel="nofollow noopener" target="_blank">CNBC</a>, GameStop shares rallied today before a halt in trading. GameStop last traded at around 83.2% after surging 110%. Trading was halted multiple times due to high volatility.</p> 
<p>A few hours ago, Keith Gill, also known as<a href="https://twitter.com/TheRoaringKitty" rel="nofollow noopener" target="_blank"> Roaring Kitty</a>, came back on the X social media platform after an absence of three years. He was previously known for running a Reddit account that was at the center of GameStop’s short squeeze in 2021.</p> 
<p>He was an important player in the meme stock craze of 2020 and 2021, and mostly won his popularity due to the substantial bets on GameStop.</p> 
<p>Back in January 2021, Gamestop was in the highlight due to a short squeeze that got the financial world’s attention. Back then, about 140% of the company’s public float was sold short, and this set the stage for an unprecedented rise in stock prices while short sellers were scrambling to cover their positions.</p> 
<p>CNBC notes that GameStop shares hit an all-time high of $120.75 intraday in January 2021, adjusted for a subsequent 4-for-1 stock split in the summer of 2022. However, as interest from individual investors eventually faded, the stock collapsed.</p> 
<p>Roaring Kitty just shared a post earlier today, reigniting interest in the meme stock phenomenon. His post depicts a person playing video games, leaning forward in his chair.</p> 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <p lang="zxx" dir="ltr"><a href="https://t.co/YgjVqtgcNS" rel="nofollow" target="_blank">pic.twitter.com/YgjVqtgcNS</a></p> 
 <p>— Roaring Kitty (@TheRoaringKitty) <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 13, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>There is also a meme coin, GME token on <a href="https://crypto.ro/en/news/solanas-new-release-fixes-network-congestion/">Solana</a>, dedicated to GameStop that saw a price comeback of over 1,500% today on <a href="https://coinmarketcap.com/currencies/gme/#Chart" rel="nofollow noopener" target="_blank">CoinMarketCap</a>.</p> 
<p>The current market cap of the token is around $50 million.</p> 
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<h2 id="what-is-gamestop">What is GameStop?</h2> 
<p>GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, and this is the largest video game retailer worldwide.</p>

GameStop Shares Surged 80% Before Halt Due To High Volatility, As “Roaring Kitty” Returned On X

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