
GameStop Corp. ($GME) is experiencing a notable surge in stock price, rising approximately 7% in trading on October 28, 2024. The increase has been attributed to heightened trading activity, including significant share order blocks and a doubling of call volumes compared to the daily average. The stock's performance has caught the attention of investors, with social sentiment trending positively on platforms like Stocktwits, where the sentiment is described as 'bullish.' The timing of this surge coincides with National Cat Day, leading to speculation about potential catalysts driving interest in the stock. Analysts and traders are closely monitoring the situation, suggesting that something significant may be developing for GameStop.
<sighs> something might be percolating in GameStop again. Call volumes already 2x the daily average on a day when SPY volumes are dead...but pretty concentrated in the Nov 1 expiry
This is the Slack message I sent to the team this morning during my daily prep work. I noticed $GME trending on @Stocktwits pre-market for the first time in weeks. It was up ~1%-ish. Now, it's up 7% & is one of the most active on our site. Social sentiment is a huge unlock... https://t.co/wkzCQjgxtM https://t.co/8TwOjLPyBP
IT’S ALIVE… $GME is up 6.61% on National Cat Day 👀 Coincidence? I think not…😂 Sentiment is “bullish” on Stocktwits https://t.co/XGSSUeBSX4 https://t.co/tKInYvwJRu


