Retail Favorites GameStop and AMC Surge on "Roaring Kitty" Posts

GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) witnessed a substantial uptick in their Frankfurt-listed shares on Wednesday, extending the rally that began earlier in the week. This surge comes on the heels of cryptic posts from Keith Gill, popularly known as "Roaring Kitty", a central figure in the 2021 meme stock frenzy.

AMC's Frankfurt-listed shares skyrocketed by 32% amidst heavy trading volume, following a remarkable 32% surge in Tuesday's U.S. trading session. Similarly, GameStop saw a surge of 26% in Frankfurt, building on its 60% surge in New York on Tuesday.

Keith Gill, who gained prominence for his bullish calls on GameStop during the Reddit rally in January 2021, resurfaced on social media platform X after a three-year hiatus. While his recent posts didn't explicitly mention any company names, traders have attributed the renewed interest in GameStop and AMC to Gill's influence.

The resurgence of retail investor interest in these meme stocks underscores the enduring impact of social media and online communities on stock market dynamics. As retail investors closely follow the cues from influential figures like Keith Gill, the volatility in stocks like GameStop and AMC is likely to persist, presenting both opportunities and risks for investors.

For retail investors navigating through the fluctuations in meme stocks like GameStop and AMC, leveraging the insights from the Company Rating API can provide valuable guidance in assessing the financial health and performance of these companies. Access the API here to make informed investment decisions amidst the ongoing market excitement.