The latest rally erupted on Monday following the return to social media of Keith Gill, who drove the meme-stock mania of 2021 under the moniker “Roaring Kitty.” Gill shot to fame that year by rallying day traders on Reddit in an effort to squeeze GameStop short sellers.
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GameStop, AMC shares soar as traders pounce on meme stocks
“I think it shaped up pretty good for everybody here,” said Tuttle Capital Management CEO Matthew Tuttle. “They did what they needed to do, and the shareholders didn’t get wiped out.”
