GameStop Shares Surge Following Roaring Kitty's X Post

GameStop shares experienced a significant increase, climbing as much as 10% in intraday trading, marking the largest gain since December 11. This surge in share price followed a post by Keith Gill, also known online as Roaring Kitty, on December 25. The post consisted of a gift visual without any explanatory text. According to data compiled by Bloomberg, GameStop's trading volume reached nearly five times the 20-day average for the same time of day. On Thursday, the rise in the stock contributed to the longest five-day winning streak since November 11. Throughout the year, GameStop shares saw a remarkable increase, registering an 85% rise in value. The company's stock movements have been closely monitored by investors, especially after significant price fluctuations were observed earlier in the year due to a phenomenon involving retail investors and online trading platforms.