Yahoo FinanceGameStop, AMC soar in Frankfurt as meme-stock rally roars on

May 15 2024 02:45 PM IST

Cinema chain AMC's Frankfurt shares soared 32% in heavy trading volume. Video game retailer Gamestop jumped 26% in Frankfurt, after a 60% Tuesday surge in New York. Keith Gill is credited with sparking the so-called Reddit rally in January 2021 with bullish calls on GameStop.

LONDON (Reuters) - Retail investor darlings GameStop and AMC Entertainment's Frankfurt-listed shares jumped on Wednesday, in a continuation of this week's rally after posts from "Roaring Kitty" Keith Gill a central figure behind the 2021 meme stock frenzy.
Cinema chain AMC's Frankfurt shares soared 32% in heavy trading volume, having closed up 32% in Tuesday's U.S. trading, while video game retailer Gamestop jumped 26% in Frankfurt, after a 60% Tuesday surge in New York.
Keith Gill, popularly known among traders as "Roaring Kitty", shared a series of cryptic posts on social media platform X on Sunday following a three-year gap.
The posts did not mention company names, but Gill is credited with sparking the so-called Reddit rally in January 2021 with bullish calls on GameStop.
(Reporting by Alun John; Editing by Amanda Cooper)
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