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Gamestop and AMC Shares Plummet as 'Roaring Kitty' Shares Videos and Memes

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by A1

6 months ago


GameStop (GME) and AMC shares experienced a significant drop of 34% and 25% on May 15, even as the overall market saw gains after the CPI report. These declines are linked to the activities of 'Roaring Kitty' (Keith Gill), who has been sharing edited clips from classic films. Despite these challenges, GME saw a rise of more than 200% and AMC over 95% in the past month. Moreover, GME trading was halted on several occasions. The meme stock craze has once again caught the attention of social media platforms like Reddit's r/wallstreetbets, with the resurgence of the silversqueeze hashtag reminiscent of the 2021 meme stock frenzy.

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