Why Are GameStop And Kitty-Themed Memecoins Trading Higher Today? Read On
Portfolio Pulse from Aniket Verma
GameStop Corp. (NYSE:GME) and Kitty-themed memecoins surged higher due to high short interest and speculation of a short squeeze. GameStop's stock closed 5.85% higher, while the GameStop (CRYPTO: GME) and Kitty AI (CRYPTO: KITTY) memecoins saw significant gains.
July 17, 2024 | 3:54 am
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GameStop Corp. (NYSE:GME) saw its stock price rise by 5.85% due to high short interest and speculation of a short squeeze, fueled by social media activity from 'Roaring Kitty'.
The stock price increase is directly linked to high short interest and speculation of a short squeeze, driven by social media activity from 'Roaring Kitty'. This has historically led to significant price movements for GameStop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100