$GameStop (GME.US)$ shares are trading higher Thursday following a social media post by Keith Gill, known as "Roaring Kitty," a prominent figure in the 2021 GameStop short squeeze.
On Dec. 25, Gill shared an image of a wrapped gift on X, formerly Twitter. The post sparked speculation among retail traders, driving increased interest in GameStop shares during overnight trading. Shares rose 7.68% in after-hours trading, reaching $33.50 at one point.
Cryptocurrencies tied to Gill's online persona also reacted. The meme coin GmeStop (GME) rose 5%, with its market capitalization reaching $31.26 million, while Kitty Inu (KITTY) surged by 17.96%.
The movement in GameStop's stock could reflect continued volatility driven by retail trader enthusiasm rather than changes in the company's fundamentals.
GameStop shares were up more than 5% at $32.70 shortly after 12.46 pm ET Thursday.
