GameStop, AMC shares spike over 100% as ‘Roaring Kitty’ return reignites meme stock rally
NY Post
Shares of GameStop and AMC each soared by more than 100% in early trading Tuesday as the surprise return of the retail day trader known as “Roaring Kitty” sparked a flurry of meme stock activity for the second straight day.
GameStop spiked as much as 113% in early trading and was still up about 64% shortly after the market opened.
That pushed the beleaguered video game retailer’s stock price up to nearly $50 per share – a once-unthinkable number given the company’s recent financial performance.
AMC’s stock was up as much as 129% and was up about 78% after the opening bell to surpass surpass $9 per share.
On Monday, the company revealed it had raised approximately $250 million in a stock sale.
Both struggling firms benefited from the bombastic return of Roaring Kitty, whose real name is Keith Gill and who also uses the moniker “DeepF—kingValue” on Reddit.
