Early Monday morning, GameStop Corp. stock was up 7.6%, making up some of the losses from Friday. This was because the trader known as Roaring Kitty did his first YouTube livestream in three years.
The meme-stock trend started in the early months of the COVID-19 pandemic, and Keith Gill was a big part of it. On Friday, he used a video stream to make his case again for the videogame store GME, -11.91%, which he thinks can change under CEO Ryan Cohen.
Gill told the crowd, “I believe this guy—he might be able to do it.” The number of people who follow him on YouTube rose from 714,000 to 924,000 on Friday.
Even though the livestream went on for almost 51 minutes, it wasn’t enough to stop the stock from falling. By the end of Friday’s session, it was down 39%. According to Dow Jones Market Data, it was the worst day for the stock since February 2021.
Gill also wrote another mysterious message late Sunday on X, which used to be called Twitter. A still picture from the Batman movie “The Dark Knight” was posted by @TheRoaringKitty. The picture showed the late Heath Ledger as the Joker getting ready for the movie’s first scene, a bank heist. The picture that was posted has a cat mask on top of the clown mask that the Joker wears.
Gill’s posts get a lot of attention, and his most recent one has caused a lot of discussion on social media as people try to figure out what it means.
During Friday’s livestream, Gill talked about how many memes have been sent from his Twitter account lately. He said, “I hope you thought some of them were funny.” He called himself a “professional larker.”
Early Monday, other meme stocks were all over the place. Apple Inc. AAPL, -4.46% went up 0.8%, but Koss Corp. KOSS, -4.39% went down 2.2%, and BlackBerry Ltd. BB, 1.31% went down 0.04%.
In 2024, shares of GameStop are up 61%, but shares of AMC are down 19.8%. This year, shares of Koss are up 36.1% and shares of BlackBerry are down 24.3%.
