Previous close | 5.40 |
Open | 13.00 |
Bid | 17.30 |
Ask | 18.00 |
Strike | 12.00 |
Expiry date | 2024-05-17 |
Day's range | 13.00 - 25.53 |
Contract range | N/A |
Volume | |
Open interest | 22.48k |
GameStop (GME) shares saw volatile movement on Monday morning as "Roaring Kitty" returned to social media. The social media comeback of the investor, who originally inspired the historic short squeeze of the stock back in 2021, caused a massive jump in trading on Monday, resulting in a halt on trading for the stock. Yahoo Finance Anchors Seana Smith and Jared Blikre discuss GameStop's latest development and what it means for the stock moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
U.S. stock indexes edged higher on Monday, nearing record highs after a recent run of gains, as investors awaited key inflation figures this week to gauge the likelihood of interest rate cuts in 2024. Shares of videogame retailer GameStop jumped 65% after "Roaring Kitty", a former marketer at an insurance firm credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus.
The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday. The surge had nothing to do with the troubled company’s fundamentals — and everything to do with a cartoon of a gamer that the trader, nicknamed Roaring Kitty, shared on X.