Roaring Kitty Reignites Meme Stock Mania

Roaring Kitty's X post ignited GME, AMC, and even HOOD

Managing Editor
May 13, 2024 at 1:45 PM
facebook X logo linkedin

With one push of the 'send' button, we're back in 2021. Earlier this morning, Reddit (RDDT) user Roaring Kitty, who ignited the meme stock retail trader craze of 2021, posted on social media platform X for the first time in three years. Even though he didn't mention any specific stocks, GameStop Corp (NYSE:GME)AMC Entertainment Holdings Inc (NYSE:AMC), and even Robinhood Markets Inc (NASDAQ:HOOD) vaulted higher in response. 

GME is up 66.1% to at $30.58 and earlier traded at three-year highs of $38.20, on track for its largest single-session gain since February 2021. The video game retailer hit a three-year low of $10.01 on April 21, but are now in the black across all notable timeframes. 

AMC, meanwhile is 47.8% higher to trade at $4.30, also on track for its largest pop since the meme stock craze. Despite today's gains, shares are 28.9% lower in 2024 and off 90.5% over the last 12 months.  

Time is a flat circle, because both former meme stocks are once again heavily shorted. Short interest on both GME and AMC has increased in the most recent reporting period, and 24% and 18.8% of the each stock's total available float, respectively, is sold short. 

HOOD, the trading vehicle the drove the meme stock craze into a intuitional phenomenon, is up 3.9% to trade at $16.86. The stock is fresh off a post-earnings drop of 3.1% last week, but is 34% higher in 2024.  


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI