'Roaring Kitty' Returns, Meme Stocks Make Waves Again

"He's back." According to the Wall Street Journal on May 13, one of the key figures who set off the meme stock craze on Wall Street in 2021 has reappeared in the public eye. Keith Gill, known as the "roaring kitten", recently posted a message on the social platform X after a period of silence.

The Roaring Kitten Resurrects

Keith Gill, one of the key figures in driving GameStop's stock price surge in early 2021, became famous through his active speaking on Reddit's "Wall Street Bets" forum. This is his first time speaking on social media since June last year.

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GameStop shares climb again

GameStop's stock price has continued to rise this month. Keith Gill's return has sparked heated discussions in the market about whether the meme stock craze will be rekindled. GameStop's stock price has risen 57% in May. In pre-market trading on Monday, the stock rose again by 31%, approaching $23.

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Market reaction and analysis

Keith Gill's voice on X triggered a buying and selling frenzy in the market, with stock prices such as GameStop and AMC soaring. However, analysts remain skeptical about this upward trend.

Performance of hot stocks

On May 13, GameStop's stock price rose by more than 70%, which reminded people of the situation a few years ago. Keith Gill's return has aroused widespread attention and discussion in the market.

The market reacted violently to Keith Gill's post, his first public appearance in nearly three years, and the mysterious post quickly garnered more than 12 million views. A few hours later, Gill added a mysterious video clip, further fueling speculation and excitement among traders.

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Meme stocks are back

Led by Keith Gill, GameStop's stock price rose 110% at one point before stabilizing. The trading frenzy led to multiple trading halts. AMC stock also saw strong gains, with its price doubling during trading hours.

The recovery of these stocks can be traced back to Gill's influence in the early days of the pandemic. His defense of then-troubled video game retailer GameStop attracted a large number of retail investors to oppose hedge fund short selling. This collective action led to a large number of short sellers buying, sending stock prices soaring and causing major market turmoil.

Performance of other meme stocks

Gill's latest move spurred buying in GameStop and AMC, and spread to other meme stocks such as BlackBerry and Trump Media Technology Group. All of these stocks rose. However, industry analysts remain skeptical about the upward momentum.

Although GameStop's quarterly sales fell, the company's actual profits increased. The stock price has rebounded strongly this month after experiencing a sharp decline in March and April. However, the stock is still a long way from its all-time high of $86.88 set in January 2021.

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in conclusion

Keith Gill played an important role in the meme stock craze in 2021, and his latest voice has reignited market enthusiasm. With the rise of stocks such as GameStop and AMC, the market is once again paying attention to the future performance of meme stocks. However, investors should remain cautious and avoid blindly following the market volatility.

A similar phenomenon has also occurred in the digital currency market. For example, Dogecoin (DOGE) has also attracted widespread attention due to the social media momentum behind it.