GameStop stock surges: YF examines GME and other meme stocks

GameStop (GME) is back in the spotlight after trader Keith Gill, known as "Roaring Kitty" online, resurfaced with a post on X. Gill led the GameStop short squeeze in 2021, and following his online comeback, shares of the video game retailer soared nearly 80%. Yahoo Finance Head of News Myles Udland recaps the meme stock's frenzy and what to expect of Roaring Kitty this time around.
"There is a very clear momentum when a certain person - in this case, Keith Gill, also known as Roaring Kitty - speaks about a certain stock, in this case, GameStop. There is an impulse to buy it because of what has happened in the past," Udland explains.
Gill gave detailed breakdowns of GameStop's business back in 2020, telling Reddit users that the stock was undervalued. "He was a true believer way before there was any meme," Udland says. The resurgence of "Roaring Kitty" has already popped meme stocks as traders look to see what call Gill might make next.
#youtube #investing #reddit
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

[@brycemick4132]

these analysts couldnt be more wrong

[@bmamba4777]

Guy said Gamestop has "more of a real business" than AMC... as if Barbenheimer didnt prove movie theaters are back and thriving

[@jeffreysmith6161]

The hosts are literally regarded even more than clowns like Cramer

[@jaroslawratajkowski3901]

BUY BUTTON WAS TAKEN AWAY!!!!!!!!!!!!!! every action has a reaction!!!!!!!!!!!!!!! BUY GME!!!!!!!!!!!!!!!! HOLD it!!!!!!!!!!!!!!!!!!!

[@mikeking7582]

I bought some at open this morning

[@TR19]

"It'll be over tomorrow" Damn, you nailed that one Cotton

[@BoomBurster]

Over for them 😂

[@nootrop5221]

every fkin time i'm trying to buy the gme stock at a good time, it keeps on halting. so damn annoying

[@onelovemon1784]

Gme crews just got warmed up. Tomorrow will be double.

[@rudolphchannel5261]

I won't be surprised if GME reach $40

[@fenrisredacted2870]

@@rudolphchannel5261 just did :)

[@rudolphchannel5261]

@@Somehow-Guilty69 I saw hit $41

[@jaroslawratajkowski3901]

@@rudolphchannel5261 55+ next day if not 75+

[@gladiator_games]

Hope so

[@yomiscythetalon7793]

Exactly what I thought a Yahoo employee looks like.

[@Sky_Burger88]

🤣

[@multicooldude131]

Lmao “it’s all just fun” 🤓, tell shitadel pay tf up

[@Ginsue45]

Yeah, I'm pretty sure Kenny is having zero fun.

[@user-in8by2zl5s]

$NWBO is next for them to pay!

[@pozueloslegacy]

I sense bs in your reporting

[@lilgbop7942]

Lizard people

[@UMAD666]

controlling the market and the mass

[@johnnyflannigan136]

Roaring kitty didnt cause this.. Roaring kittty came back because of the huge increase gamestop has had over.past couple weeks. He was simply acknowledging the bullish momentum.. He has added to it of course

[@anthonybha4510]

Shorts didn't close

[@Dailyrandomshortz]

GME to the moon.

[@Sky_Burger88]

gme is plummeting today

[@Dailyrandomshortz]

@@Sky_Burger88 see u in 24 hrs when I’m on the moon

[@Sky_Burger88]

@@Dailyrandomshortz yeah? Are you expecting them to turn it around and start going back towards the moon and stars?

[@Abundance4LL]

@@Sky_Burger88 what happened?

[@Dailyrandomshortz]

@@Sky_Burger88 yes

[@XPawnSkumX]

Watch when gamestop scoops up all these great gaming studios Microsoft just laid off. Give these AAA gaming studios a run for their money.

[@ZellaManheim]

Do you think Revux will pump before XRP?

[@SheilaSanchez-bo1wk]

Ok buddy! Imma switch to AMC tomorrow! Not!!!!!

[@jcbeast_135i]

AMC TO THE MOOON

[@Ssssyyyyyyyyyy]

You fools. Lol. Sit back and watch.

[@koski406]

Yahoo finance coming through with more trash like usual..

[@TheTrueDeKat]

“This will be over tomorrow.. probably”
It’s not…

[@mattyb3165]

Diamond hands 😸

[@elvecinodeltio5960]

No selling?

[@Antonio-ck2hp]

These people are so regarded lol

[@bobbybobby1450]

Roaring kitty has ticker csse , and the kitty is ready for take off soon, don't say I never told anyone

[@INTERLAGOS54]

Hes 100% correct about AMC and sleezy AA bilking investors. Wait till he dilutes more shares if AMC keeps running while Ryan Cohen will sit on his hands and not say a word.

[@ricvanwinkle1665]

Telling me your a short without telling me your a short

[@VanVirgoNews]

around 250$ a share this time

[@leroysokvibol5770]

Fun you say ! Tell that to Michael Pachter aaahahhabahaahaha ( evil voice )

[@DenisDoc7]

It’s sucks blackrock owns 22 mil gme stock….

[@AstridGerlach]

Top picks for the bull run are DOT, FIL, and SOL. And the best ICO to invest in? Revux, with huge potential.

[@Master-Collector]

still ain’t over GameStop to the moon 🔥🫡

[@luxurysafetygear5885]

SCORPIUS to the Moon🚀🚀🚀

[@diegocasillas915]

BUY FFIE!!! To the freaking moon!

[@user-nn5kc5bw7o]

Risky as F. LOL

[@darkzoneattractions1060]

You must not know anything yet. But what u can see from facts and on paper is no risk lol.

[@RefinnejB]

FFIE

[@kylekimball3904]

🐈

[@markop.3460]

Roaking kitty sucks. Trying manipulation, the stock isn't going to ends well. He should not be in the news.

[@user-zy8ms2fp1q]

REI has 14 million short shares, selling for under 50% of book value, and has positive earnings

[@zacharyt252]

FFIE TO THE MOON☄️

[@christophergoodwin6846]

FFIE + GME 🚀 🌕

[@CompoundingTime]

They don't know it's a joke unfortunately. The people who have been holding since the initial run happening are still holding because they believe so fully. Probably just going to end up holding the bag again when they lucked into an opportunity to recoup a lot of their losses.

[@trevorhook5677]

Nice try, Citadel Intern

[@CompoundingTime]

@@trevorhook5677 exactly this. It is basically a cult now and anything that doesn't line up with their narrative must be some hedge fund stooge.

[@CompoundingTime]

@@trevorhook5677 proving my point exactly unfortunately. Happy you guys are up. Just hope you actually make money this time.

[@ricvanwinkle1665]

Tell me how you can short 140% of a company. So GFYM you are all crooked and hate when the little guy like me makes millions 😊