GameStop shares jumped dramatically after Keith "Roaring Kitty" Gill broke his social media silence with a mysterious post on X. The influential retail trading figure shared an image reminiscent of a 2006 Time magazine cover, sending the stock soaring up to 14% in afternoon trading before settling at a 6% gain.
The post triggered an immediate surge in market activity, with nearly 300,000 GameStop options contracts changing hands shortly after Gill's message appeared. This renewed interest echoes the historic "Reddit rally" of January 2021, when Gill's analysis helped drive GameStop shares up by over 1,600%, dealing heavy losses to short-selling hedge funds.
Currently trading between $35-40, GameStop stock has shown resilience despite remaining well below its 2021 peak. The latest price movement demonstrates the lasting power of social media influencers to move markets, particularly in stocks with devoted retail investor followings.
Short interest in GameStop remains substantial at approximately 20%, fueling speculation about another potential short squeeze. Day traders are closely analyzing Gill's cryptic message for hidden meanings, highlighting how social media sentiment continues to drive rapid price swings in meme stocks.
The unexpected return of "Roaring Kitty" to the public eye has energized the retail trading community, many of whom view him as a legendary figure following the 2021 trading frenzy. As GameStop approaches its next earnings report, market watchers are monitoring whether this renewed attention from retail investors could spark another chapter in the company's volatile trading history.