GameStop stock (GME) is surging once again—but Roaring Cat continues to be missing for action.
Arriving hot following the holiday weekend, GME surged more than 30% Tuesday on news the gaming store netted nearly $1 billion from the strategically timed purchase of their own stock, during its unpredicted rally earlier this year.
That rally—during which GME nearly quadrupled in value—was spurred through the apparent online return of Keith Gill, also known as Roaring Cat, a meme stock influencer who inspired a brigade of retail investors to short squeeze GME in 2021.
Earlier this year, Gill’s Twitter account all of a sudden started cryptically posting after almost 3 years of silence. An ensuing craze all around the posts pumped not just GME, but related crypto tokens along with other meme stocks like AMC. Then, 5 days right into a posting spree, Roaring Cat went silent again.
Prior to the music died, however, GameStop filed to market 45 million new shares of common stock on May 17, making money around the phenomenon. The move sent GME plummeting some 30% today, however, news the purchase netted the organization some $933 million seems to possess reinvigorated investors.
GME stock surged up to $26.20 today, a 37% bump from market’s close on Friday. At writing it’s settled lower to $23.19, a 22% internet increase because the holiday weekend.
That recovery, though, brings GME nowhere close to the cost it hit in the peak from the craze caused by Roaring Kitty’s apparent return. 2 days following the influencer’s account reactivated on Twitter in mid-May, GME surged above $60.
Since going silent on May 20, Roaring Kitty’s social networking accounts have continued to be dormant. Keith Gill has provided no public explanation why he started posting again actually, he hasn’t even confirmed it really was him posting.
Still, Gamestop seems to possess benefited magnificently in the saga, despite its anticlimactic conclusion. GME is presently buying and selling in excess of two times the cost it had been just last month.
