Are GameStop Stocks on the Rise Again?
GameStop (NYSE: GME) stock has been making headlines recently with a surge of over 70% in the past month. The stock was approaching the $20 mark in the latest trading session, sparking discussions about the resurgence of meme stocks in the current bull market. With premarket gains of 20%, GME stock seems poised to hit $20 before markets open this week, indicating a potential upward trend.
Roaring Kitty: Back in Action?
Keith Gill, also known as “Roaring Kitty,” a prominent supporter of GameStop, recently reappeared after a three-year hiatus. Speculations are rife that he could lead another surge in GameStop stock. His return has been signaled by a mysterious post, hinting at a possible resurgence of meme stock frenzy.
- GameStop shares hit $483 in 2021
- Keith Gill offers potential for stock surge
- Roaring Kitty’s influence on meme stock resurgence
GME Short-Interest Analysis
Despite the recent rise in GameStop stock, short-interest in GME remains far from its peak in 2021 when it reached 140%. Currently standing at 24%, investors continue to bet against those shorting the stock. The company reported a strong earnings per share performance for the fiscal fourth quarter, but chose not to host a conference call to discuss the results. GameStop’s focus on business transformation and commitment to being a top choice for games and entertainment products are driving its market strategy.
- Short percentage of GameStop shares outstanding at 24%
- GameStop reports strong earnings performance
- Companyβs business transformation strategy
Hot Take: The Future of GameStop Stocks
As the meme stock hype reignites, GameStop’s trajectory in the market remains uncertain. With Roaring Kitty’s potential influence and the ongoing short-interest debate, the coming days could be volatile for GME stock. Investors must monitor market trends closely and stay informed to make strategic investment decisions amid the evolving landscape of meme stocks.
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