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Shares of video game retailer GameStop rose more than 20% in over-the-counter trading, pointing to continued gains after the company’s shares soared to their highest since January 2021 on Monday.
The jump was driven by the first post in three years on X.com from Roaring Kitty, an account associated with financial market commentator and social media influencer Keith Gill. Gill, also known as “Deep F***ing Value” on the Reddit forum, has been one of the leaders in 2021’s trading frenzy in so-called “meme stocks” such as GameStop and movie theater chain AMC Entertainment (NYSE: AMC).
