Gamestop and AMC Shares Plunge as ‘Roaring Kitty’ Posts Videos and Memes
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On May 15, GameStop (GME) and AMC shares plunged by 34% and 25%, respectively, despite a general market rise following the CPI report. The declines come amid ongoing activity from ‘Roaring Kitty’ (Keith Gill), who continues to post modified classic film clips. Despite these setbacks, GME has risen over 200% and AMC over 95% in the last 30 days. Additionally, GME trading was halted multiple times. The meme stock frenzy has also reignited interest on platforms such as Reddit’s r/wallstreetbets, with the silversqueeze hashtag resurfacing, echoing the surge of 2021 meme stocks.
