Roaring Kitty is back and so are meme stocks, GameStop surges 40%

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight. Keith Gill, better known as “Roaring Kitty,” posted an image on Sunday of a man sitting forward in his chair, a meme used by gamers when things are getting serious. GameStop, which Gill turned into a hot stock after pitching the company on Reddit, is a video game retailer that in 2021 was struggling as consumers switched rapidly from discs to digital downloads. Two hours before the opening bell Monday, shares of Gamestop Corp. surged 40%.