From CNBC: 2024-05-13 07:43:44

GameStop shares surge 37% as “Roaring Kitty” reemerges online after three years. Keith Gill, former marketer for Massachusetts Mutual Life Insurance, inspired day traders to rally against hedge fund Melvin Capital in epic short squeeze of 2021. Stock split announced in July 2022, shares hit 3-year low of $9.95 recently.

Market volatility, Congressional hearings, Robinhood lawsuit, and a 2023 movie “Dumb Money” showcase the GameStop saga. Recent stock price increase reignites trader interest. GameStop’s earnings report reflects challenges with job cuts, lower revenue amid e-commerce competition. Stock closes at $17.46, up 57% in May.

Read more: GME jumps as trader ‘Roaring Kitty’ who drove meme craze posts again