The current 2024 meme stock moment feels like a callback from 2021's big retail saga that resulted in a movie. But despite some big pops in GameStop and AMC, this time has some key differences.
Traders are getting excited about penny stocks right now. Keith Gill, a trader more well-known by the alias Roaring Kitty, resurfaced on social media with a tweet of a man holding a video game controller. Gill was a key player in the GameStop (NYSE:GME) short squeeze a few years ago, and his tweet seemingly sparked a 74% rally in GME stock on Monday. It wasn’t just GameStop, either. Other meme stocks such as AMC Entertainment (NYSE:AMC) and Koss (NASDAQ:KOSS) blasted off on the Roaring Kitty new