The return of Roaring Kitty on social media helped spark a rally in meme stocks. Roaring Kitty continues sharing posts, but stocks are falling. Is the rally over?
The current rally in meme stocks echoes a movement started in 2021. Several factors led to that rally ending and could provide caution to investors this time around.
Data shows that short sellers lost $1 billion with GameStop's increased share price on Monday. Here's a look at how much short sellers are down on GameStop year-to-date and how AMC could be next up.
"Dumb Money" was released in theaters in 2023 telling the story of Keith Gill and others involved in the GameStop short squeeze. Months later, Gill returns on social media as Roaring Kitty.