Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading higher Monday after Roaring Kitty returned to social media and sparked a meme stock revival. Here's a look at what's going on.
What To Know:
Shares of GameStop, AMC Entertainment and other meme stock names are racing higher on renewed interest from retail investors after Keith Gill, a.k.a Roaring Kitty, posted a meme to his X account Sunday night.
The meme depicts a gamer sitting up to focus more attentively and has ushered in a return of meme stock mania Monday.
Robinhood shares are also climbing on heavy trading volume, possibly due to the trading platform's association with the original pandemic-era meme stock rally and its popularity among retail investors. According to data from Benzinga Pro, ...