Roaring Kitty Posts Again—GameStop (GME) Sees a Lift
GameStop Corp. (NYSE: GME) experienced a significant stock surge following a cryptic tweet from Keith Gill, known as "Roaring Kitty." On Wednesday, Gill posted an image of a wrapped gift box on his X account, sparking widespread speculation among investors. The enigmatic post garnered over 4 million views and thousands of interactions, reflecting Gill's enduring influence in the meme stock arena.
🎁 What Happened?
Gill’s Wednesday post on X (formerly Twitter) featured a wrapped gift box—no explanation, just intrigue. As expected, the post sparked speculation across social media, with over 4 million views and thousands of likes, retweets, and responses. Does it mean he received a present? Is it a metaphor? A hint? Meme-stock fans are abuzz with theories as they try to decode the cryptic post.📈 GameStop’s 2024 Performance
Shares of GameStop have surged nearly 80% this year, although they remain below earlier peaks triggered by Gill’s influence. Earlier this month, the company reported its latest quarterly results:- Sales Decline: A drop in revenue compared to previous quarters.
- Net Profit: GameStop managed to swing to a profit despite lower sales, providing some optimism for investors. A net profit of $17.4 million for the third quarter, a turnaround from a loss in the same period last year, despite a year-over-year revenue drop to $860.3 million from $1.08 billion. This unexpected profitability led to a more than 10% surge in after-hours trading.
