"Roaring Kitty's Meteoric Rise Amid GameStop's Meme Stock Saga"
TL;DR Summary
GameStop shares fell by up to 7% after a 21% surge the previous day, driven by a social media post from "Deep Fing Value" showing a significant investment in GME. The rally, reminiscent of the 2021 meme stock craze, faced skepticism from analysts and potential regulatory scrutiny from Morgan Stanley's E-Trade. Despite the volatility, GameStop and AMC capitalized on the meme frenzy by issuing new shares, raising substantial funds.
- GameStop stock wavers as latest meme rally fades Yahoo Finance
- How Roaring Kitty's wealth went from $53,000 to nearly $300 million — and could one day top $1 billion CNBC
- GameStop and the meme stock saga: Opening Bid investor guide Yahoo Finance
- Who Is Keith Gill? The Meme Lord Is Back The Wall Street Journal
- Inside Roaring Kitty's 3 Insane Weeks of Hyperactive Posting Markets Insider
Reading Insights
Total Reads
0
Unique Readers
6
Time Saved
2 min
vs 3 min read
Condensed
86%
497 → 69 words
Want the full story? Read the original article
Read on Yahoo Finance