Is Roaring Kitty Manipulating GameStop (NYSE:GME) Stock?
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The return of the meme frenzy’s central figure to social media has caused high volatility in GameStop stock and other meme stocks. Is he doing something wrong? Keith “Roaring Kitty” Gill is an ordinary trader who became known primarily between 2020 and 2021 for spreading his unconventional investment theses on GameStop (NYSE:GME) via his YouTube channel.…
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“Roaring Kitty” has skin in the game. The protagonist of the meme frenzy is bullish on GameStop, revealing in the latest update of his portfolio that he holds more than 5 million shares in the company. “Roaring Kitty” Gill has revealed his updated portfolio on Reddit, showing he holds over 5 million GameStop shares, 120,000…
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Despite recent turbulence, Trump Media & Technology Group stock shows signs of resilience as it climbs back toward its all-time highs. The company’s fate intertwines with Trump’s legal battles and meme stock dynamics, shaping its volatile trajectory. DJT’s recent surge is partly attributed to heightened investor attention surrounding Trump’s impending trial verdict, underscoring the close…
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After a very successful equity offering, GameStop has nearly doubled its cash position and is ready to go on the offensive. Video game retailer GameStop (NYSE:GME) jumped 25% in pre-market trading on May 28, following the news that the company raised $933 million in cash from a recent equity offering. This offering involved the sale…
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Being traded as a meme has significantly improved GameStop’s cash position, giving the company a stronger foundation to pursue larger initiatives. GameStop’s stock skyrocketed in 2021 due to retail investors on Reddit, causing massive short squeezes and heavy losses for institutional investors. Activist investor Ryan Cohen’s 2020 stake acquisition led to major management changes, raising…
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“When I see meme stocks taking over again like GameStop and AMC, I have to remember it is irrational,” according to Mad Money’s host Jim Cramer. Jim Cramer questions the high valuations of GameStop and AMC, highlighting their shaky business fundamentals compared to peers like Best Buy, and advises investors to sell. GameStop, with fluctuating…
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The rally of GameStop and other meme stocks appears to have stopped. However, it’s still too early for short sellers to celebrate, as their recent gains have turned into losses in just two trading sessions. The recent rally of GameStop and other meme stocks, sparked by Keith “Roaring Kitty” Gill’s return to social media, led…
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Diving into why the GameStop and AMC stock rally hit the brakes, we’re looking at trading halts and the shortage of out-of-the-money call options. This sheds some light on what’s driving the meme stock frenzy. The rally pause may be attributed to more than 38 trading halts imposed on GameStop and AMC stocks during a…
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Keith “Roaring Kitty” Gill returns to social media, igniting a massive rally in meme stocks and causing significant losses for short sellers. With his potential to disrupt Wall Street just beginning, retail investors are bracing for more excitement. Keith Gill’s mysterious meme videos sparked a rally in GameStop and AMC stocks, drastically increasing their market…
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AMC kicked off the trading session on May 14th with an astonishing leap of over 210%. Yes, you read that correctly. The frenzy surrounding meme stocks has struck once again. Meme stock frenzy reemerges with GameStop and AMC seeing significant surges in trading activity, ignited by a single post on social media platforms like Twitter.…