
GameStop Corp. shares experienced a notable surge, closing up 5% on December 26, 2024, and reaching their third highest close in 856 days. The stock's movement was influenced by a cryptic message posted by Keith Gill, known as Roaring Kitty, on Christmas Day. This led to a nearly 8% increase in GameStop's stock price during after-hours trading. Gill's social media activity has historically been a catalyst for significant fluctuations in GameStop's stock, as seen in May 2024 when his actions contributed to a 700% rise in the stock. Additionally, GameStop remains one of the most shorted stocks, adding to the volatility surrounding its shares.
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