Shares of GameStop surged by over 70% on Monday following a social media post by Keith Gill, also known as “Roaring Kitty.” Gill, who gained fame for his role in the meme stock movement in 2021, made his first post on X/Twitter since 2021 without providing any context. The post featured a photo of a man in a gaming chair, hinting at a focus or engagement.
His post sparked retail investors to buy GameStop stock, leading to a significant increase in the company’s value and making it the best day for GameStop since 2021. Gill continued to post memes and videos after his initial post, further fueling the interest in GameStop.
Gill’s influence on GameStop’s stock was notable in the past, with the largest single-day gain in 2021 and his active role on Reddit’s r/wallstreetbets. His story was even depicted in a 2023 film called “Dumb Money,” showcasing the battle between everyday investors like Gill and hedge fund billionaires.
Overall, Gill’s social media presence and influence have had a significant impact on GameStop’s stock and the meme stock movement.
