GameStop location on 6th Avenue in New York on March 23, 2021.
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GameStop and AMC shares soared more than 40% in premarket trading Tuesday, on track to extend gains after “Roaring Kitty,” the man at the center of the memorabilia stock craze posted online for the first time in nearly three years.
Shares of video game retailer GameStop were trading 42% higher at 5:40 a.m. ET, while movie theater chain AMC jumped more than 42%.
other”Commemorative stocks“Poised to start a sharp rally on Tuesday. Shares of once-dominant smartphone maker BlackBerry jumped 25% in pre-market trade, while headphones maker Gaz gained 18%.
Market moves follow dramatic gains in stocks at the start of the trading week. GameStop rose 74.4% on Monday, while AMC rose 78.4% in the previous trading session.
The meme stack phenomenon seems to have been rekindled by social media lately Upgrade The man, whose legal name is Keith Gill from “Growling Kitty,” posted a picture on the X platform of a video gamer sitting forward in their chair — a meme that suggests gamers are taking gaming seriously.
It marked Gill’s first post on the platform since 2021 and has been viewed more than 23 million times. Gil later returned to the X platform and posted a series of short clips from popular TV shows and movies, although the meaning behind them was unclear.
Gill is a former marketer for Massachusetts Mutual Life Insurance. Also known as DeepF—————————————————————————————————————————————————————————————————
— CNBC’s Yun Li and Fred Imbert contributed to this report.
