GameStop and AMC Stocks Rise. How Roaring Kitty Just Reignited the Meme Frenzy. -- Barrons.com

Dow Jones

06 Dec 2024

By Callum Keown

Meme stocks are back. Though, in truth they never really went away.

GameStop stock jumped 6% Thursday and was up another 2% in premarket trading Friday. Its meme-stock sidekick AMC Entertainment was enjoying a similar boost -- 1.5% up ahead of the open after a 6% rise in the previous session.

The reason for the move typifies what the meme-stock frenzy is all about -- speculation and volatility driven by an online meme.

It all came from a cryptic post by Keith Gill -- the influential trader known as 'Roaring Kitty'. The post, on X, depicts a mocked-up Time magazine front cover with a blank computer screen and keyboard. It drove plenty of speculation in the replies as to the meaning of the post.

Many suggested the screen's high volume bar was significant. GameStop was certainly trading with higher volume than usual Thursday -- at 370% of its average, according to Barron's data. It was also the top 10 most actively traded stocks in premarket trading Friday, with AMC not far behind.

The timing of the post is also significant -- GameStop is due to report earnings after the close Tuesday.

Whatever the meaning behind Roaring Kitty's meme, it's going to be a volatile few days for some of the old favorites of retail investors.

Write to Callum Keown at callum.keown@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 06, 2024 07:32 ET (12:32 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Though, in truth they never really went away. \n</p>\n<p>\n     GameStop stock jumped 6% Thursday and was up another 2% in premarket trading Friday. Its meme-stock sidekick  AMC Entertainment was enjoying a similar boost -- 1.5% up ahead of the open after a 6% rise in the previous session. \n</p>\n<p>\n     The reason for the move typifies what the meme-stock frenzy is all about -- speculation and volatility driven by an online meme. \n</p>\n<p>\n     It all came from a cryptic post by Keith Gill -- the influential trader known as 'Roaring Kitty'. The post, on X, depicts a mocked-up Time magazine front cover with a blank computer screen and keyboard. It drove plenty of speculation in the replies as to the meaning of the post. \n</p>\n<p>\n     Many suggested the screen's high volume bar was significant. GameStop was certainly trading with higher volume than usual Thursday -- at 370% of its average, according to Barron's data. It was also the top 10 most actively traded stocks in premarket trading Friday, with AMC not far behind. \n</p>\n<p>\n     The timing of the post is also significant -- GameStop is due to report earnings after the close Tuesday. \n</p>\n<p>\n     Whatever the meaning behind Roaring Kitty's meme, it's going to be a volatile few days for some of the old favorites of retail investors. \n</p>\n<p>\n     Write to Callum Keown at callum.keown@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 06, 2024 07:32 ET (12:32 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>GameStop and AMC Stocks Rise. 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How Roaring Kitty Just Reignited the Meme Frenzy. -- Barrons.com\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-06 20:32</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Callum Keown \n</p>\n<p>\n  Meme stocks are back. Though, in truth they never really went away. \n</p>\n<p>\n     GameStop stock jumped 6% Thursday and was up another 2% in premarket trading Friday. Its meme-stock sidekick  AMC Entertainment was enjoying a similar boost -- 1.5% up ahead of the open after a 6% rise in the previous session. \n</p>\n<p>\n     The reason for the move typifies what the meme-stock frenzy is all about -- speculation and volatility driven by an online meme. \n</p>\n<p>\n     It all came from a cryptic post by Keith Gill -- the influential trader known as 'Roaring Kitty'. The post, on X, depicts a mocked-up Time magazine front cover with a blank computer screen and keyboard. It drove plenty of speculation in the replies as to the meaning of the post. \n</p>\n<p>\n     Many suggested the screen's high volume bar was significant. GameStop was certainly trading with higher volume than usual Thursday -- at 370% of its average, according to Barron's data. It was also the top 10 most actively traded stocks in premarket trading Friday, with AMC not far behind. \n</p>\n<p>\n     The timing of the post is also significant -- GameStop is due to report earnings after the close Tuesday. \n</p>\n<p>\n     Whatever the meaning behind Roaring Kitty's meme, it's going to be a volatile few days for some of the old favorites of retail investors. \n</p>\n<p>\n     Write to Callum Keown at callum.keown@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 06, 2024 07:32 ET (12:32 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489810582","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489810582","pubTimestamp":1733488320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Meme stocks are back. 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It was also the top 10 most actively traded stocks in premarket trading Friday, with AMC not far behind.The timing","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线","BK4577":"网络游戏","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","GME":"游戏驿站","BK4588":"碎股","BK4076":"电脑与电子产品零售"},"translate_title":"游戏驿站和AMC股价上涨。咆哮的小猫是如何重新点燃迷因狂热的。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":1,"GME":1},"content_text":"By Callum Keown \n\n\n  Meme stocks are back. Though, in truth they never really went away. \n\n\n     GameStop stock jumped 6% Thursday and was up another 2% in premarket trading Friday. Its meme-stock sidekick  AMC Entertainment was enjoying a similar boost -- 1.5% up ahead of the open after a 6% rise in the previous session. \n\n\n     The reason for the move typifies what the meme-stock frenzy is all about -- speculation and volatility driven by an online meme. \n\n\n     It all came from a cryptic post by Keith Gill -- the influential trader known as 'Roaring Kitty'. The post, on X, depicts a mocked-up Time magazine front cover with a blank computer screen and keyboard. It drove plenty of speculation in the replies as to the meaning of the post. \n\n\n     Many suggested the screen's high volume bar was significant. GameStop was certainly trading with higher volume than usual Thursday -- at 370% of its average, according to Barron's data. It was also the top 10 most actively traded stocks in premarket trading Friday, with AMC not far behind. \n\n\n     The timing of the post is also significant -- GameStop is due to report earnings after the close Tuesday. \n\n\n     Whatever the meaning behind Roaring Kitty's meme, it's going to be a volatile few days for some of the old favorites of retail investors. \n\n\n     Write to Callum Keown at callum.keown@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 06, 2024 07:32 ET (12:32 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}