2024.05.15 06:58
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Gamestop, AMC soar in Frankfurt as meme-stock rally roars on

Gamestop and AMC Entertainment's shares surged in Frankfurt as the meme-stock rally continued. Keith Gill, also known as "Roaring Kitty," posted cryptic messages on social media, reminiscent of his role in the Reddit rally in January 2021. Cinema chain AMC's Frankfurt shares jumped 32%, while video game retailer Gamestop rose 26%.

LONDON, May 15 (Reuters) - Retail investor darlings GameStop (GME.N) and AMC Entertainment’s (AMC.N) Frankfurt-listed shares jumped on Wednesday, in a continuation of this week’s rally after posts from “Roaring Kitty” Keith Gill a central figure behind the 2021 meme stock frenzy.

Cinema chain AMC’s Frankfurt shares (AH91.F) soared 32% in heavy trading volume, having closed up 32% in Tuesday’s U.S. trading, while video game retailer Gamestop jumped 26% in Frankfurt, (GMEa.F) after a 60% Tuesday surge in New York.

Keith Gill, popularly known among traders as “Roaring Kitty”, shared a series of cryptic posts on social media platform X on Sunday following a three-year gap.

The posts did not mention company names, but Gill is credited with sparking the so-called Reddit rally in January 2021 with bullish calls on GameStop.