GameStop shares jump 20% as trader ‘Roaring Kitty’ who drove meme craze posts again

A man passes by a GameStop location on 6th Avenue in New York, March 23, 2021.

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GameStop shares rallied more than 21% in the premarket Monday after “Roaring Kitty” posted for the first time in roughly three years.

The post, a picture on X of a video gamer leaning forward on their chair as to indicate he’s taking the game seriously, marked Roaring Kitty’s first post on the platform — or on Reddit— since 2021.

Kitty, whose legal name is Keith Gill, is one of the Reddit traders who drove the meme stock craze of 2021. Gill goes by DeepF——Value on Reddit. The trader helped attract retail interest in driving a massive short squeeze in the stock between 2020 and 2021. In January 2021, shares hit an all-time intraday high of $120.75 per share.

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GME 5-year chart

As retail interest faded the stock collapsed, along with other meme stocks like AMC. The shares last month hit a three-year low of $9.95.

Recently, the stock has started to move higher again, which may have rekindled the trader’s interest. The stock is up 57% so far in May and closed Friday at $17.46.

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