GameStop stock surges 20%: GameStop Stock Surges 20% Overnight After Roaring Kitty Buys $65M Calls

1. GameStop stock surge
2. Roaring Kitty GameStop calls
3. Meme stocks resurgence

GameStop stock, $GME, has surged 20% in overnight trading after Roaring Kitty reportedly bought $65 million of calls with a $20 strike price and an expiration date of June 21st. Roaring Kitty also owns $115 million of $GME stock. This sudden surge has sparked speculation about the return of meme stocks. The news has created a buzz in the financial market, with investors closely monitoring the situation. The rise in GameStop stock has caught the attention of many, leading to discussions about its potential impact on the market. Stay tuned for more updates on this developing story.

BREAKING: GameStop stock, $GME, surges 20% in overnight trading after Roaring Kitty reportedly buys $65 million of calls.

The calls have a $20 strike price with an expiration date of June 21st.

Roaring kitty also owns $115 million of $GME stock.

Are meme stocks back again? pic.twitter.com/RXkl6ZeRYc

— The Kobeissi Letter (@KobeissiLetter) June 3, 2024

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If you’ve been following the stock market news lately, you may have come across the latest buzz surrounding GameStop stock ($GME). In a surprising turn of events, the stock has surged by 20% in overnight trading after Roaring Kitty reportedly purchased $65 million of calls. This news has certainly caught the attention of investors and traders alike, sparking discussions about the resurgence of meme stocks.

Roaring Kitty, a well-known figure in the investing world, has made headlines once again with his significant investment in GameStop calls. These calls have a $20 strike price and an expiration date of June 21st, indicating his confidence in the stock’s potential for growth in the near future. In addition to the calls, Roaring Kitty also holds a substantial $115 million worth of GameStop stock, further solidifying his belief in the company’s prospects.

The surge in GameStop stock and Roaring Kitty’s substantial investment have reignited the debate about meme stocks and their place in the market. Meme stocks, characterized by their volatile nature and often driven by social media hype, have been a hot topic among investors in recent years. With the resurgence of GameStop stock, many are wondering if we are witnessing a revival of the meme stock craze that took the market by storm in the past.

It’s important to note that investing in meme stocks can be risky due to their unpredictable nature and susceptibility to market manipulation. While some investors may see the potential for high returns, others may be wary of the volatility and speculative nature of these stocks. As always, it’s essential to conduct thorough research and exercise caution when investing in meme stocks or any other high-risk assets.

In conclusion, the recent surge in GameStop stock following Roaring Kitty’s substantial investment in calls has sparked renewed interest in meme stocks. Whether this signals a resurgence of the meme stock craze remains to be seen, but one thing is for sure – the stock market is always full of surprises. Stay tuned for more updates on this evolving story and remember to approach meme stocks with caution and diligence.

Source: [The Kobeissi Letter](https://twitter.com/KobeissiLetter/status/1797430544185319833?ref_src=twsrc%5Etfw)