- GameStop shares skyrocketed 110% on Monday as Roaring Kitty, the trader behind the 2021 short squeeze, returned by posting on social media for the first time in years
- Roaring Kitty’s (Keith Gill’s) posts included images and videos hinting at his return, leading to GameStop’s stock trading being halted five times due to volatility
- Short sellers lost approximately $1 billion from GameStop’s surge, which also caused AMC’s stock to increase by 33% in a situation reminiscent of 2021
GameStop saw its share price surge 110% on Monday as Roaring Kitty, the inspiration behind its short squeeze in 2021, returned after years of absence. Keith Gill, the man behind the persona, posted on social media for the first time since 2021, hinting at a comeback.
Roaring Kitty Returns as GameStop Skyrockets
In 2021, Reddit user Roaring Kitty helped drive up GameStop’s stock price to unprecedented levels in a community-led effort never before seen. Now, history seems to be repeating itself as GameStop has surged 110% with Roaring Kitty’s return to social media after years of silence. Keith Gill posted videos and images implying his long-awaited return.
GameStop Stock Sees Extreme Volatility
With Roaring Kitty’s comeback, GameStop’s stock was extremely volatile. Trading of the stock was halted five separate times as the price shot upward. The surge led to an estimated $1 billion loss for short sellers. GameStop’s story is eerily similar to 2021 when Roaring Kitty shared his views on short selling of the stock, sparking the legendary short squeeze.
Conclusion
Roaring Kitty’s influence on GameStop’s stock is as strong as ever. His return to social media sparked a 110% intraday rally, leading to major losses for short sellers. Just as in 2021, a simple post from Roaring Kitty has created chaos and massive gains for GameStop shareholders.
