Loading...Loading...A series of actions by Keith Gill, aka Roaring Kitty, helped renew the smoldering meme rally last week and many market participants cried foul over his actions. SPAC sponsor and venture capitalist Chamath Palihapitiya on Sunday weighed in on the development in a substack post.What Happened: Gill posted on social media for the first time in about three years in mid-May and then stirred excitement by posting a screengrab of his trading account in the r/SuperStonk Reddit forum, which reveal ...

Key TakeawaysGameStop shares have traded within a symmetrical triangle since mid-May, a chart pattern that suggests a continuation of the current uptrend.A measured move of the symmetrical triangle pattern forecasts an upside price target in GameStop shares of $95.However, a breakdown from the pattern could see the price revisit support around $16 near a multi-month downtrend line that sits in close proximity to the 50- and 200-day moving averages. Retail traders’ favorite meme stock, GameStop (GME), is lik ...

Despite the short-term bearish sentiment surrounding GameStop (NYSE: GME) stock, it continues to capture the market’s attention, driven by recent short-squeeze activity.In the latest development, In this line, according to data shared by Unusual Whales in an X post on June 9, the reported short volume as of June 7, 2024, has soared to 103,785,384 shares, surpassing the January 22, 2021, figure of 97,123,046 shares. GameStop short interest volume chart. Source: Unusual WhalesThe renewed spike in short intere ...

Retail investor interest in short squeeze stocks has grown considerably since the “meme stock” phenomenon of 2021. However, a stock doesn’t need to gain the “meme king” popularity of a GameStop (NYSE:GME) or an AMC Entertainment (NYSE:AMC) to become a profitable squeeze trade for investors.In many situations, all it takes is two things. First, a high level of short interest. What constitutes high short interest? Think 20%, 30%, 40%, or more of outstanding float sold short.Second, to trigger a squeeze, typic ...

Meme stock trader Keith Gill, aka "Roaring Kitty," failed to rally investors around GameStop with his first livestream in three years on Friday as the stock slumped 40%. GameStop shares plummeted after the video game retailer unveiled a share sale to raise up to $3 billion. Gill, meanwhile, told nearly 600,000 viewers on his YouTube livestream to bet on CEO Ryan Cohen "and his crew" while joking about memes and issuing disclaimers that retail traders could "lose it all." Gill said his "aggressive style of i ...

Group 1 - The meme stock phenomenon, particularly with GameStop (GME) and AMC Entertainment (AMC), has resurfaced, reminiscent of the volatility seen in 2021 [1][2] - GameStop's recent quarterly results showed a significant decline in sales compared to the previous year, leading to pressure on its shares [3] - The company announced a $75 million at-the-market offering, indicating a need for capital amidst a challenging earnings outlook [3] Group 2 - The return of Roaring Kitty (Keith Gill) to social media reignited interest in meme stocks, resulting in extreme volatility for GME shares [2] - The dynamics of short selling are highlighted, where rising stock prices force short sellers to cover their positions, leading to further price increases and losses for those unable to cover [4] - The current market activity is characterized by a short squeeze, which does not align with GameStop's current earnings outlook, as indicated by its Zacks Rank of 5 (Strong Sell) [3]

Stocks traded in both positive and negative territory Friday as investors weighed an onslaught of headlines, including a hotter-than-expected jobs report and a Roaring Kitty livestream. Ultimately, the main indexes closed lower as folks looked ahead to next week's Fed meeting and key inflation update.  Ahead of the open, the Bureau of Labor Statistics said the U.S. added 272,000 new jobs in May, exceeding economists' estimate for 180,000. The data also showed the unemployment rate rose to 4.0% (3.96% on an ...

"Can y'all hear me right now?" Keith Gill began his broadcast. "I kinda forget how to do this." Back in 2021, the influencer better known as Roaring Kitty led a crusade by retail traders which triggered the extraordinary surge in GameStop, an embattled video games chain – and left Wall Street scrambling. Gill became an internet star, and even testified to Congress about his bullish stance on the stock. Then he disappeared from view. For years after the turbulent stock market frenzy, Gill was silent online. ...

Roaring Kitty’s much-anticipated livestream has officially concluded. The YouTuber, whose real name is Keith Gill, showed up 25 minutes late and donned an arm splint and head bandage, a comedic nod to inform viewers that he is alive and well and that his previous updates on X and Reddit were in fact attributable to him.“This is me, I’m not AI either,” Gill said.Gill appeared to be in good spirits over the course of the livestream. That did not stop GameStop from falling lower during his recording or being h ...

“Gamma squeeze” is a relatively obscure term understood by experienced options traders. However, as of late, gamma squeezes are occurring more often than ever on Wall Street, so investors should educate themselves on the term. What is a Gamma Squeeze?In options markets, a gamma squeeze occurs when a stock swiftly rallies due to market maker hedging.Options 101To clearly understand gamma squeezes, investors must first have a handle on the inner workings of the options market. Options are financial derivative ...