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Moomoo 24/7 ·  Dec 5, 2024 20:17

$GameStop (GME.US)$ and $AMC Entertainment (AMC.US)$ shares are soaring in overnight trading. This surge follows a cryptic tweet from influential retail investor Keith Gill, known as Roaring Kitty.

Earlier Thursday, GameStop stock jumped 10% and AMC climbed 12% after Gill posted a modified TIME magazine cover with "you" removed, leaving a blank screen with "time" above it. GME shares surged as much as 14%, triggering a volatility halt, while AMC gained up to 13%. The tweet also impacted other stocks symbolically connected to the post, such as $Unity Software (U.US)$ and $Clear Secure (YOU.US)$, and sparked a surge in options trading activity.

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