Roaring Kitty’s Livestream Sparks Volatility in Meme Stocks

Shares in GameStop, AMC Entertainment, and other meme stocks experienced fluctuations in premarket trading following the announcement of a livestream by the infamous finance influencer known as Roaring Kitty.

GameStop shares initially surged more than 30% in premarket trading, only to plummet by 15% after news of poor sales and a $3 billion stock offer. AMC Entertainment also saw volatility, closing up over 12% on Thursday but fluctuating in premarket trading.

Retail investors eagerly await Roaring Kitty’s return as he is scheduled to host a livestream on YouTube, his first in over three years, sparking renewed interest in meme stocks like GameStop and AMC Entertainment.

Other meme stocks, including BlackBerry, Bed Bath & Beyond, and Koss, also experienced varied trading patterns in premarket hours, with some seeing gains while others faced losses.

Firms like Faraday Future and Tupperware also witnessed fluctuations, with Faraday Future’s shares jumping in premarket trading after gains in regular trading hours, and Tupperware climbing nearly 2%.

Robinhood, a popular trading platform, saw its own shares rise ahead of the livestream, possibly influenced by news of its acquisition deal with Bitstamp.

Roaring Kitty, also known as DeepFuckingValue on Reddit, has been a key figure in the meme stock frenzy and is set to discuss market movements and his investment philosophy during the livestream.

His previous content, deemed educational by him, has been both influential and controversial, with Congress scrutinizing his role in the meme stock craze.

Investors are closely watching Roaring Kitty’s livestream scheduled for 12 p.m. ET on Friday, anticipating insights that could impact meme stocks and the broader market.

The resurgence of meme stock interest and the GME cryptocurrency rally point to the enduring influence of influencers like Roaring Kitty in the investment landscape.