AMC Entertainment Holdings (NYSE:AMC) surged 25.6% to $5.44 in pre-market trading on Monday following a surprising development.
Keith Gill, famously known as “Roaring Kitty,” disclosed a substantial position in GameStop Corp on the r/Superstonk Reddit forum.
This disclosure reignited interest in meme stocks, propelling AMC into the spotlight again.
Roaring Kitty’s Impact and the Meme Stock Resurgence
Gill’s re-emergence on social media platforms, particularly his activity on X (formerly known as Twitter), sparked a renewed wave of enthusiasm among retail investors.
Known for his pivotal role in the 2021 GameStop frenzy, Gill posted an image of a green reverse Uno card on Sunday evening, his first post since a series of memes last month.
— Roaring Kitty (@TheRoaringKitty) June 3, 2024
Related: Roaring Kitty Just Posted A Reverse Uno Card: What Does It Signal For GameStop, AMC Shares?
This simple yet symbolic act ...