GameStop Stock Soars 91%, Market Cap Hits $10B as 'Roaring Kitty' Returns

May 13, 2024, 01:45 PM

The return of the social media influencer known as 'Roaring Kitty' has significantly impacted GameStop's stock market performance. After a three-year hiatus, Roaring Kitty posted on the social media platform X, leading to a dramatic surge in GameStop's stock. The stock increased by up to 91% in pre-market trading, resulting in four trading halts due to volatility. This surge added approximately $6 billion to GameStop's market cap, bringing it to over $10 billion.