(May 12): GameStop Corp shares spiked and then quickly dropped in post-market trading Monday after cryptic social media posts showed up and then disappeared from the social media account of Keith Gill, the financial influencer known as “Roaring Kitty", who became prominent during the 2021 meme-stock craze.
GameStop’s stock jumped as much as 13% before paring those gains to trade lower after the posts — including one depicting a cat and another with a picture of the online character Pepe the Frog wearing Roaring Kitty’s trademark red bandanna — were deleted around 5.40pm in New York, less than an hour after they went up.
Shares of Chewy Inc, which was founded by GameStop’s current CEO, Ryan Cohen, also rose as much as 3% before erasing the move.
Gill scored a huge profit in 2021 after investing in the beleaguered video-game retailer and promoting the stock online.
Since then, Roaring Kitty has posted on X infrequently but past messages have sent meme stocks on wild rallies. A cryptic post in late 2024 sent shares of GameStop flying and triggered a volatility halt while other names including AMC Entertainment also jumped.
Uploaded by Arion Yeow
