GameStop has once again taken center stage on Reddit’s WallStreetBets page as the man behind the meme stock craze, “Roaring Kitty” (Keith Gill), reappeared online after nearly three years. The mentions of GameStop on the forum have significantly increased, surpassing even popular equities like Nvidia and the SPDR S&P 500 ETF Trust.
“Roaring Kitty” made a grand comeback with a post featuring a picture of a video game player in a serious gaming pose. This post has quickly gained traction with around 80,000 likes since its upload. Subsequently, Keith Gill continued to engage with the online community by sharing compilations of clips from various TV shows and movies.
The return of “Roaring Kitty” and the surge in posts about GameStop on WallStreetBets coincided with a remarkable rally in GameStop’s share price. The stock experienced significant volatility, leading to trading halts throughout the day. As a result, GameStop shares were up by nearly 70% in 2024.
Many Reddit users shared screenshots of their GameStop positions following the resurgence of “Roaring Kitty.” Despite the enthusiasm among some investors, it was noted that several posts related to GameStop were being filtered out on the forum. One such post showcased GameStop’s intraday chart with the caption, “oh we are so back.”
The renewed interest in GameStop on Reddit’s WallStreetBets page, coupled with the return of “Roaring Kitty,” has once again brought the meme stock into the spotlight. The community’s engagement with GameStop and Keith Gill’s posts have contributed to a surge in the stock’s price and heightened volatility in trading. As the saga continues to unfold, it remains to be seen how this resurgence will impact both investors and the broader market.