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GameStop Leads Roaring Rally: What's Going On With Meme Stocks?
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GameStop Leads Roaring Rally: What's Going On With Meme Stocks?
May 13, 2024 9:52 AM

GameStop Corporation ( GME ) shares are leading meme stocks higher Monday after Roaring Kitty made a return to social media with a post on X

What To Know:

Keith Gill, a.k.a Roaring Kitty, posted a meme to his X account Sunday night depicting a gamer sitting up in his chair in order to focus attentively. The post from Roaring Kitty has sparked a return of meme stock mania Monday. 

Classic meme stocks including AMC Entertainment Holdings, Inc. ( AMC ) , Tupperware Brands Corporation ( TUP ) and Beyond, Inc. ( BYON ) are roaring higher as retail traders embrace the names with renewed enthusiasm. 

GameStop ( GME ) shares were up 110% at one point Monday and have been halted four times due to volatility. According to data from Benzinga Pro, more than 100 million GameStop ( GME ) shares have already been traded in Monday's session. 

AMC shares are up 30% at $3.88 on more than ten times the stock's average trading volume, and shares of Tupperware are up 45% at $1.88. 

Related News: Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?

Other meme stock names are also moving on heavy volume including Koss Corporation ( KOSS ) which was halted in early trading and is up 27% at $4.06 per share at the time of publication. Blackberry Limited ( BB ) shares are up 6.38% at $3.08.   

Gill also posted a video clip from an XMen movie to his Roaring Kitty X account around 11 a.m. ET, and investors are eager to see if the posts and meme stock rally will continue.  

Image: miezekieze from Pixabay

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