Benzinga - by Aaron Bry, Benzinga Editor.
Keith Gill, aka ‘Roaring Kitty' made his return to social media Sunday night, posting a meme that would ultimately send GameStop Corp (NYSE:GME) shares up more than 100%, adding billions of dollars in valuation to the gaming company. Gill continued to post memes on his account throughout the day on Monday, posting 12 separate videos.
Then, the cat came back the very next day. Gill posted his first video on Tuesday at exactly 11am ET, the same time he posted his first video on Monday. His first clip on Tuesday features a clip from the movie Troy and shows soldiers preparing for battle.
His next post came out at 11:30 a.m. ET, a video featuring a scene from the show “Arrested Development.”
pic.twitter.com/hatmNcAHiX— Roaring Kitty (@TheRoaringKitty) May 14, 2024
That was followed by a post with clips from the movie “Mad Max,” which Gill posted at 12:00 p.m. ET.
pic.twitter.com/pFQoinsrZtHe then posted a video featuring a clip from the movie “Kingsman: The Secret Service” at 12:30 p.m. ET, followed by a post with a clip from the movie “Ocean’s 11” at 1 p.m. ET, and a post showing a clip from the movie “Old School” at 1:30 p.m. ET.— Roaring Kitty (@TheRoaringKitty) May 14, 2024
Read Also: Meme Stock Surge ‘Bothers’ Former SEC Chair As GameStop, AMC Shares Rise Nearly 80% On Tuesday: ‘A Lot Closer To Gambling…Certainly Not Investing’
Gill’s posting pattern over the past few days suggests some consistency. On both Monday and Tuesday, his first post on X appeared at 11 a.m. ET. Given this pattern and Tuesday’s multiple posts, it seems likely that Gill will continue posting every half hour until the stock market closes at 4 p.m. ET.
Gill has not made any direct comments about GameStop's stock, but his cryptic posts and memes were enough to spark a rally in shares, up more than 200% in the last few days. AMC Entertainment (NYSE:AMC) also saw a boost from the renewed retail interest in meme stocks and highly-shorted names, up more than 190% in the last few days.
It's possible that Gill will be cautious about making direct commentary on GameStop's stock after he was asked to testify in front of the U.S. House Financial Services Committee in February 2021 regarding his involvement in Reddit Inc's (NYSE:RDDT) r/WallStreetBets community during GameStop's short squeeze in the same year. The committee released a report in October 2021 that stated that Gill was not guilty of market manipulation.
Now Read: GameStop’s David Vs. Goliath Rematch: Shorts Face $1.4B Loss In 2024 As Roaring Kitty Returns
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