GameStop Corporation (NYSE:GME) and AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading higher on heavy volume Friday after the Roaring Kitty account returned with a new post on X after a hiatus.
The Details:
Roaring Kitty, posted another cryptic message on X with an image of characters from Toy Story with the dog's face superimposed. Some are speculating that the post could be a reference to Chewy, Inc. (NYSE:CHWY) stock in which Keith Gill had previously revealed a large position.
pic.twitter.com/9xPMBKesNV
— Roaring Kitty (@TheRoaringKitty) September 6, 2024
Roaring Kitty's most recent post before Friday's was on June 27 when the account posted a picture of the same dog face causing speculation about a potential investment. Gill later revealed a 6.6% stake in Chewy.
GameStop and AMC shares spiked immediately following the social media post at 12:00 p.m. ET. Chewy shares saw a sharp decline at the same time, but have since recovered.
GME, AMC, CHWY Price Action: According to Benzinga Pro, GameStop shares are up 3.39% at $23.15, AMC Entertainment shares are up 1.05% at $4.78 and Chewy shares are up 0.57 at $26.31 at the time of publication Friday.
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