GameStop Leads Roaring Rally: What's Going On With Meme Stocks?

GameStop Corporation GME shares are leading meme stocks higher Monday after Roaring Kitty made a return to social media with a post on X. 

What To Know:

Keith Gill, a.k.a Roaring Kitty, posted a meme to his X account Sunday night depicting a gamer sitting up in his chair in order to focus attentively. The post from Roaring Kitty has sparked a return of meme stock mania Monday. 

Classic meme stocks including AMC Entertainment Holdings, Inc. AMC, Tupperware Brands Corporation TUP and Beyond, Inc. BYON are roaring higher as retail traders embrace the names with renewed enthusiasm. 

GameStop shares were up 110% at one point Monday and have been halted four times due to volatility. According to data from Benzinga Pro, more than 100 million GameStop shares have already been traded in Monday's session. 

AMC shares are up 30% at $3.88 on more than ten times the stock's average trading volume, and shares of Tupperware are up 45% at $1.88. 

Related News: Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?

Other meme stock names are also moving on heavy volume including Koss Corporation KOSS which was halted in early trading and is up 27% at $4.06 per share at the time of publication. Blackberry Limited BB shares are up 6.38% at $3.08.   

Gill also posted a video clip from an XMen movie to his Roaring Kitty X account around 11 a.m. ET, and investors are eager to see if the posts and meme stock rally will continue.  

Image: miezekieze from Pixabay