GameStop skyrockets 120% as meme stock rally goes on - Breaking The News

GameStop skyrockets 120% as meme stock rally goes on

14 May

1 min read

EPA-EFE/CJ GUNTHER

The latest meme stock rally continued in Tuesday's premarket trading as GameStop Corporation shares skyrocketed more than 120%.

The rally seemingly started after Keith Gill, the trader known as "Roaring Kitty" on X, returned to social media for the first time since the 2021 meme stock craze. Gill shared a meme on X showing a man leaning forward with a video game console, hinting at his return to trading. On Monday, data from S3 Partners showed that short sellers had already lost $1 billion amid the latest GameStop rally.

GameStop surged 123.12% to $67.94 per share at 7:31 am ET. Meanwhile, AMC Entertainment Holdings Inc., another so-called meme stock, soared 138% to $12.37 at 7:41 am ET.

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