GameStop Stock Spikes Following Return of Meme Stock Investor
Summary GameStopstocks surged in value after meme stock investor Roaring Kitty made their return to social media after nearly three years. The investor’s return does not positively or negatively impact the uncertain future ofGameStop, but many investors are rallying behind the volatile stock value. Back in March 2024, a report painteda bleak future for GameStopdue to declining revenue for the fourth quarter of 2023. Analyst Michael Pachter suggested that GameStop’s revenue and sales would decline to an “unsustainable” level in the near future....