GameStop Stock on Fire: Surges for a Second Straight Day

GameStop shares soared 74% on Monday after a social media post by Roaring Kitty.

GameStop shares continued their rally in premarket trading on Tuesday, extending gains after the investor famously associated with the company’s 2021 surge posted on social media for the first time in three years.

GameStop shares (GME) surged 40% in early premarket trading on Tuesday, building on Monday’s 74% rise, following Roaring Kitty’s return to the social media platform X for the first time since 2021.

Tuesday’s premarket gains suggest that GameStop shares might exceed Monday’s peak of $38.20.

GameStop’s 74% rise on Monday was its fourth-best single-day performance since 2021, according to FactSet data. On January 27, 2021, GameStop shares jumped 135%.

However, GameStop has also experienced significant drops, including a 60% plunge on February 2, 2021.

Meanwhile, fellow meme stock AMC Entertainment (AMC) outperformed GameStop on Monday, surging 78%.

AMC shares continued to rise in premarket trading on Tuesday, gaining 39%.