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GameStop, AMC soar in Frankfurt as meme-stock rally roars on

Published 05/15/2024, 03:08 AM
Updated 05/15/2024, 03:10 AM
© Reuters. FILE PHOTO: People enter a GameStop store during "Black Friday" sales in Carle Place, New York November 25, 2011. REUTERS/Shannon Stapleton/File Photo

LONDON (Reuters) - Retail investor darlings GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC)'s Frankfurt-listed shares jumped on Wednesday, in a continuation of this week's rally after posts from "Roaring Kitty" Keith Gill a central figure behind the 2021 meme stock frenzy.

Cinema chain AMC's Frankfurt shares soared 32% in heavy trading volume, having closed up 32% in Tuesday's U.S. trading, while video game retailer Gamestop jumped 26% in Frankfurt, after a 60% Tuesday surge in New York.

© Reuters. FILE PHOTO: People enter a GameStop store during

Keith Gill, popularly known among traders as "Roaring Kitty", shared a series of cryptic posts on social media platform X on Sunday following a three-year gap.

The posts did not mention company names, but Gill is credited with sparking the so-called Reddit rally in January 2021 with bullish calls on GameStop.

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