Gamestop climbs after 'Roaring Kitty' to host YouTube livestream

BlackBerry

07/06/2024 09:39

** Shares of videogame retailer Gamestop  GME.N  climb 33.7%
to $62.21 in premarket
    ** Stock influencer "Roaring Kitty" posted on Youtube that
he would host a livestream scheduled for 12 p.m. ET (1600 GMT)
on Friday
    ** GME shares rose as much as 50.4% to $47.5 on Thursday
    ** Keith Gill who goes by "Roaring Kitty", on June 2 posted
a screenshot on his Reddit account making a $116 mln bet on GME
    ** Gill was key driver of a retail trading frenzy or "meme
stock rally" in 2021 by sparking bullish calls on Gamestop
    ** Other memestocks also advance; AMC Entertainment  AMC.N ,
U.S.-listed shares of Blackberry  BB.N , Koss Corp  KOSS.O  and
Robinhood Markets  HOOD.O  up 3.5% to 11% premarket
    ** Up to last close, GME stock had risen 165.5% YTD

 (Reporting by Nikhil Sharma in Bengaluru)
 ((nikhil.sharma@thomsonreuters.com))