Roaring Kitty Sparks GameStop Rally in 2025: What Investors Need to Know
Discover how Roaring Kitty's recent cryptic post on X influenced GameStop and meme stocks, ahead of the company's upcoming earnings report.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital media, leading teams in delivering impactful news coverage of major events.
Highlights
- Roaring Kitty, the iconic figure behind the meme stock movement, made a surprising return to posting on X, boosting GameStop and other meme stocks.
- His enigmatic post sparked speculation about renewed investment focus on GameStop.
- GameStop is scheduled to release its earnings report soon, with analysts forecasting declining revenue and increased losses.
Keith Gill, popularly known as "Roaring Kitty," has reignited excitement among meme stock enthusiasts with his first X post since June 2024. Following his update, GameStop (GME) shares surged approximately 6% before settling slightly lower by the end of the trading day.
The post featured a cleverly edited image from "Toy Story 2," which many interpreted as Gill signaling a shift away from his stake in online pet retailer Chewy (CHWY), where he held over 6% in early July, back to GameStop. Chewy's shares dipped nearly 3% but later recovered, while AMC Entertainment Holdings (AMC), another meme stock favorite, also saw gains.
Upcoming GameStop Earnings Report
Investor attention is turning toward GameStop's upcoming second-quarter earnings announcement, anticipated to reveal a year-over-year revenue decline and a wider net loss.
Wedbush analysts expressed concerns about GameStop's growth prospects, citing the gaming industry's pivot to digital sales and subscriptions, along with the company's lack of a clear strategy to enter new growth markets.
Maintaining an "underperform" rating, Wedbush highlighted that current stock prices may not fully reflect the challenges GameStop faces.
Despite these hurdles, GameStop's stock has appreciated by roughly 33% so far in 2024.
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