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GameStop shares soar 110% and are halted as trader 'Roaring Kitty' resurfaces
GameStop shares soared Monday after "Roaring Kitty" posted online for the first time in roughly three years.
GameStop shares rallied dramatically on Monday after "Roaring Kitty," the man who inspired the epic short squeeze of 2021, posted online for the first time in roughly three years. The volatility spawned a series of congressional hearings around brokers' practices and gamifying retail trading, and testimony from leaders of Robinhood, Melvin Capital, Reddit and Citadel, as well as Gill. In late March, GameStop said it had cut an unspecified number of jobs to reduce costs, and reported lower fourth-quarter revenue amid rising competition from e-commerce-based competitors.
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