GameStop (GME) and AMC Stocks Surge Amid Speculation Over Mysterious Post

Dec 06, 2024

Several meme stocks experienced significant price surges after a cryptic post by retail investor Keith Gill, known as "Roaring Kitty," sparked speculation. GameStop (GME, Financial) shares soared 14% before closing up 5.9%, while AMC Entertainment (AMC) also gained 5.9%. The post featured a Time magazine cover with a blank computer screen, prompting varied interpretations among traders.

Unity Software Inc. (U) saw its stock rise 8.2% intraday, closing up 4.9%. Clear Secure Inc. (YOU) rebounded 4.6% before ending down 1.1%. The post led to increased options activity, with traders buying Unity's call options.

Speculation links the numbers in the image to potential target prices for AMC and GME. Gill's post marks his first since September, drawing significant attention and fueling meme stock speculation.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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