GameStop gets a holiday boost as Roaring Kitty's festive post surges ...

Shares of the popular meme stock GameStop (GME) (GME) increased on Thursday afternoon after Keith Gill, the investor popularly known as “Roaring Kitty,” shared an image of a wrapped Christmas present on X.

While it’s unclear what is inside the gift box, the video game retailer’s fans went on a buying spree on Thursday morning, which helped lift the stock price by 3.5%, bringing it to $32 per share.

Till Thursday mid-morning, more than 4 million people had viewed the post, which received 47,000 likes and 8,800 retweets. This isn’t the first time Gill has posted a vague message or image on Twitter, leaving followers wondering what it means and driving up the stock price.

GameStop’s run as a meme stock reached its peak in 2021 when a group of small investors, encouraged by the Reddit community WallStreetBets and helped along by an Elon Musk tweet, pushed its shares from $3 to $120. Following that, Gill disappeared from Twitter.

Earlier this year, Gill ended his three-year hiatus with a tweet in May. He posted a picture on X featuring a gamer leaning forward in a chair, which suggested intense focus. This prompted speculation among his followers that he might return to Reddit.

Shares of the company are up nearly 94% year-to-date. Earlier this month, GameStop reported its latest quarterly results, which showed a decline in sales.

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