Shares of GameStop jumped nearly 70% at the opening bell Monday and AMC Entertainment Holdings, another meme stock, leapt 23%.Stream New York's #1 news - Accuweather - original content 24/7The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and has sent prices of some of those stocks surging at the opening bell Monday.
In this image provided by the House Financial Services Committee, Keith Gill, a GameStop investor, also known as Roaring Kitty, testifies during a virtual hearing.He followed that tweet with a YouTube video from years before saying, "That's all for now cuz I'm out of breath. FYI here's a quick 4min video I put together to summarize the $GME bull case."
At Monday's opening bell it appeared that Gill had revived that interest as shares of GameStop doubled, its biggest intraday jump since the meme craze in 2021. Other meme stocks like the theater chain AMC were jolted higher as well in extremely volatile trading.
Koss Co. a headphone manufacturer, spiked 52% and BlackBerry, the one time dominant smartphone maker, rose 7%. The retailer Bed, Bath & Beyond, another meme stock, sought bankruptcy protection last year.Shares of GameStop Corp., which have faded steadily since 2021, were already up 57% this month. AMC Entertainment Holdings Inc., had risen 10% over the past 30 days.