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Blast From the Past: Former Meme KOSS Stock Soars on Roaring Kitty News
KOSSKoss(KOSS) InvestorPlace·2024-05-13 15:17

Group 1 - Koss (NASDAQ:KOSS) stock is experiencing a significant rally, increasing by 28.5% as of Monday morning, driven by the return of meme stock trader Roaring Kitty [1][6] - Roaring Kitty, also known as Keith Gill, is recognized for initiating the 2021 rally in GameStop (NYSE:GME) stock, which led to a massive short-squeeze [1][2] - Koss was one of the prominent meme stocks in 2021, alongside GameStop and AMC Entertainment (NYSE:AMC), making its current rally consistent with the trends of these stocks [2][3] Group 2 - GameStop (GME) stock is up 69.6% with over 85 million shares traded, while AMC stock has increased by 30.3% with more than 155 million shares changing hands [6] - The daily average trading volume for Koss is approximately 48,000 shares, while GameStop and AMC have daily averages of about 7.1 million and 17.4 million shares, respectively [6]