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The community is known for discussion about meme stocks and high-risk stock transactions. [12] Observers congregating around r/wallstreetbets believed the company was being significantly undervalued , and with such a large amount of the stock being short they could trigger a short squeeze, by driving up the price to the point where short ...
The stock rallied 180% over a span of two days in mid-May after "Roaring Kitty" posted for the first time on X, formerly known as Twitter, since 2021.
GameStop stock surged as much as 110% after 'Roaring Kitty,' who was credited with starting the 2021 meme stock frenzy, posted on X for the first time in three years. ... GME shorts are now down ...
GameStop stock tanked more than 18% Wednesday as a rally among meme names showed signs of fading. Shares of the video game retailer are coming off a two-day short squeeze. ... GME is the symbol of ...
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
GameStop stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue. ... GME is the symbol of the populist movement against that concept,” said Kohrs.
A GameStop store in a mall. In September 2019, Gill, under the username "u/DeepFuckingValue", posted on the subreddit r/wallstreetbets a screenshot of a trade consisting of a roughly $53,000 long position in GameStop; [8] Gill's Reddit posts and YouTube videos argued (through both fundamental and technical analysis) that the stock was undervalued. [3]
NEW YORK (Reuters) - "Roaring Kitty" Keith Gill, the stock influencer behind the 2021 meme stock frenzy, may be sitting on a paper profit of tens of millions of dollars on his position in GameStop ...