GameStop Stock Soars After Meme-Stock Guru Roaring Kitty Returns

$GME Shares Finish Monday Up 74%

Retail Trading Frenzy Reignites as Roaring Kitty Makes a Triumphant Return

GameStop shares have jumped more than 70% on Monday after popular meme-stock guru, known as Roaring Kitty, made a surprise reappearance on social media. The surge in price follows a period of relative calm in the meme-stock frenzy that captivated the market earlier this year.

Roaring Kitty, whose real name is Keith Gill, became a prominent figure in the meme-stock movement during the GameStop short squeeze in January. His livestreams and analysis of GameStop's fundamentals drew a large following of retail traders who embraced his investment strategy.

Gill's return to the spotlight has rekindled the enthusiasm among retail traders, many of whom had lost significant sums in the recent market downturn. His bullish commentary on GameStop has once again galvanized the meme-stock community, leading to a surge in buying pressure.

The resurgence of meme-stock trading is a testament to the persistent power of retail investors in shaping market dynamics. While the long-term viability of these stocks remains uncertain, the recent surge in GameStop shares highlights the unpredictable nature of the market and the enduring appeal of meme-stocks among a growing cohort of retail traders.