GameStop extends gains after 'Roaring Kitty'-led jump

KOSS

13/05/2024 22:52

(Updates)
    ** Videogame retailer GameStop's  GME.N  shares jump 80% to
$31.44 in extended trading, after closing 74.4% higher during
regular trading on Monday 
    ** Social media finance influencer "Roaring Kitty", who had
helped spark trading frenzy in GameStop Corp shares in 2021 with
online posts, returns to X.com after a three-year interval 
    ** The so-called "Reddit rally" for GME is attributed to
Keith Gill, known as "DeepF***ingValue" on Reddit and "Roaring
Kitty" on YouTube    
    ** Roaring Kitty "seems to be the most likely suspect for
the renewed interest today... but I would be careful not to
characterize the participants in this phenomenon as investors."
- Art Hogan, chief market strategist at B Riley Wealth
    ** Theater chain AMC Entertainment  AMC.N , also having
rallied in the trading frenzy three years ago, up 17.7% at $6.11
in extended trading, after closing 80% higher on Monday
        ** Shares of Koss  KOSS.O , another meme stock, rise
5.3% to $4.6 in extended trading after the bell, after closing
up ~37% 
    ** Up to Monday's closing price of $30.45, GME had jumped
~73% YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))