Roaring Kitty Reignites Meme Stock Mania

Core Insights - Meme stocks are gaining attention on Wall Street again, primarily driven by a social media post from a prominent Reddit user, Roaring Kitty, which has led to significant price increases for GameStop, AMC, and Robinhood [1] Group 1: Stock Performance - GameStop Corp (GME) has surged 66.1% to $30.58, reaching a three-year high of $38.20, marking its largest single-session gain since February 2021 [1] - AMC Entertainment Holdings Inc (AMC) has increased by 47.8% to $4.30, also on track for its largest gain since the meme stock phenomenon began, despite being down 28.9% in 2024 and 90.5% over the last 12 months [1] - Robinhood Markets Inc (HOOD) has risen 3.9% to $16.86, recovering from a post-earnings drop, and is up 34% in 2024 [2] Group 2: Short Interest - Short interest in GameStop and AMC has risen, with 24% and 18.8% of their total available float sold short, respectively [2]