"Roaring Kitty's" Return Ignites GameStop Stock Rally | Firstpost Tech & Trade 

"Roaring Kitty's" Return Ignites GameStop Stock Rally | Firstpost Tech & Trade
Shares of American video game retailer GameStop skyrocketed nearly 179% in just two days of trading this week, May 13 and 14. The catalyst for this rally was a social media post on an account named "Roaring Kitty," handled by Keith Gill, a social media influencer who advises people on stock market investment. Gill has been credited with setting off the so-called "Reddit rally" in January 2021 with his bullish calls on GameStop. The frenzy led to massive losses for many hedge funds and even resulted in Melvin Capital shutting down. He has now resurfaced by sharing memes on his account on the X platform. So what happened in 2021? How did "Roaring Kitty" help push GameStop shares into a frenzy, and more importantly, will it happen again? Let's try to understand.
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