Roaring Kitty’s Livestream Sparks Turbulence in Meme Stocks’ Market

Shares in GameStop, AMC Entertainment, and other meme stocks experienced significant volatility during premarket trading following the announcement of a livestream by Keith Gill, also known as ‘Roaring Kitty‘, a prominent figure in the meme stock frenzy.

GameStop shares initially surged but later dropped by 15% to $40 due to poor sales and a stock offer, erasing earlier gains after a 30% increase in premarket trading.

Keith Gill, under the pseudonym ‘Roaring Kitty’, announced a livestream on YouTube, marking his return to social media after several years.

Trader interest in meme stocks like AMC Entertainment spiked ahead of Gill’s livestream, with prices fluctuating between gains and losses in premarket trading.

Other meme stocks such as BlackBerry, Bed Bath & Beyond, and Koss also experienced volatility in premarket trading, following the trend set by GameStop and AMC Entertainment.

Shares of electric vehicle maker Faraday Future and Tupperware also saw fluctuations in premarket trading, reflecting the influence of the meme stock frenzy.

Popular trading platform Robinhood, known for its role in the meme stock craze, saw an increase in its stock price, possibly influenced by news of its deal to acquire crypto exchange Bitstamp.

Keith Gill, or ‘Roaring Kitty’, is set to host a livestream at 12 p.m. ET, signaling a resurgence in trader interest in meme stocks.

Gill, a former financial analyst, gained fame for his involvement in the meme stock frenzy of 2021 and has faced scrutiny for his role in promoting certain stocks.

Forbes, a leading media outlet, has been unable to verify Gill’s recent claims regarding his position in GameStop, adding another layer of uncertainty to the market dynamics.

Roaring Kitty’s return to social media has reignited interest in meme stocks, with his upcoming livestream generating anticipation and speculation among retail investors.