TUP - GameStop Trader 'Roaring Kitty' Sparks Wall Street Rally In Heavily Shorted Stocks: What You Need To Know Right Now | Benzinga
Several stocks with high short interest rallied on Monday following an incredible surge in GameStop Corp (NYSE:GME) shares. Here’s a quick look at what you need to know.
What To Know: The madness in meme stocks on Monday can be traced back to a social media post from Keith Gill, best known as "Roaring Kitty" on YouTube and X or "DeepF***ingValue" on Reddit.
Following three years of silence, Gill took to X over the weekend, posting a meme of a sketched person leaning forward in a chair. GameStop shares more than doubled in Monday’s session before pulling back. The stock still closed up nearly 75% for the day.
Several names with high short interest ripped higher in the wake of the GameStop rally.
Yes, a simple meme kicked off a buying frenzy in heavily shorted names.
Some of the biggest movers included retail darlings AMC Entertainment Holdings Inc (NYSE:AMC), Koss Corp ...