GameStop (GME) Stock Rallies Then Falls After Roaring Kitty Social Media Activity

TLDR GameStop shares surged up to 13% during after-hours trading Monday following cryptic social media posts from Roaring Kitty’s account, before retreating when the posts disappeared. Chewy shares experienced a similar pattern, climbing as much as 3% before giving back gains. Market chatter intensifies around a potential GameStop–eBay combination after Ryan Cohen scrubbed GameStop from his social media profile and eBay surfaced on GME’s investor relations site. The video game retailer submitted SEC documentation to expand authorized Class A shares from 1 billion to 2.5 billion, referencing possible corporate acquisitions. Reports indicate GameStop has put forward an approximately $56 billion acquisition proposal for eBay, with Cohen projecting $2 billion in yearly cost reductions. GameStop shares experienced dramatic swings during Monday’s after-hours session, sparked by fleeting activity on Keith Gill’s social media platform—the investor widely recognized as Roaring Kitty. GameStop Corp., GME Shares climbed as high as 13% before completely reversing course and trading in negative territory. The sudden decline occurred after the posts—one depicting a feline image, another featuring Pepe the Frog donning Roaring Kitty’s iconic red bandanna—vanished around 5:40 p.m. Eastern time, roughly 60 minutes after their initial appearance. Chewy shares mirrored this volatility, advancing up to 3% before surrendering the entire gain. GameStop CEO Ryan Cohen established Chewy prior to his current role. This marks yet another instance where Gill’s social media presence has influenced market movements. A mysterious post in late 2024 propelled GameStop shares skyward and prompted a trading halt due to volatility. AMC Entertainment shares also experienced upward movement during that event. eBay Acquisition Rumors Intensify The after-hours turbulence unfolded on a day already filled with conjecture regarding a possible GameStop–eBay combination. Market observers detected that Cohe...