GME Stock and AMC Roars Back to the Living, as Key Player in Meme Rally Returns

In the Monday morning, GameStop stock and AMC Shares had soared, after Keith Gill, who lighted the meme stock rally in times of the pandemic. He makes his return to social media after an absence of three year. The New York Stock Exchange take a break trading on ME stock many times in the early Monday! As shares moved higher awkwardly.

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GME AMC Stocks Rally Returns

Gill, also known by his social media’s name Roaring Kitten, has posted his comeback on social media platform X in Sunday night the first time since June 2021; the post be an image of a meme, saying he is “getting serious”!

Gill, who had rise to notoriety during 2020 and 2021 as a key drivers for the GameStop (GME) short-tight-squeeze. He is a former financial broker and analyst, who had, incidentally, been called to testify in the front of the House Financially Services Committee about a February 2021, concerning a probe on possible market manipulations?

Retail investors react with commenting such as “He’s back!”, “Game on!” and “just in time! for the meme coin super circle,” referring the rising prize of small cryptocurrencies.

GME stock, jumping around 78% on the early Monday after post. The NYSE, they paused the trading of GME stock several times in the hour one on Monday due to volatility causes!

GameStop shares is being essentially flat at yearly through the Friday, ended at 17.46.

AMC Theater chain of Entertainment (AMAC) get a rally at 19% in Monday early. AMC stock has dive nearly 53% at 2024 through this Friday, Shares is not far above their record low at 2.38 from April. Improper previous Short-Tight-Squeeze event came,

Shares by GME stock surged a 688% in the year of 2021. Individual investors did coordinate a buying spree on the shares of the video game seller using boards of messages online! The buying spray surprises the short sellers. They bets the stock would fall, but these “shorts” faced unlimited losses unless they buys the stock, further fueling the gains!

In ways both innovative and controversy, this situation pushed the GME stock up!

Ironically, the GME stock went upwards because it drummed so much. A big slice of investors thought it would dropped many. About coming in 2021, GME shares was lose a third of their values over previous five years, could be. Investors that bets the stock would downfall, aka the shorts, was controlling shares in the GME stocks in the late 2019! A very bearish bet make it perfect setting for a massive short-tight-squeeze event.

The entire Short-Tight-Squeeze legend gets details in the movie “Dumb Money.”