Keith Gill – One America News Network

A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri

GameStop spooks investors with share sale, results ahead of “Roaring Kitty” livestream

GameStop shares slumped 20% on Friday after the video game retailer announced a share sale to raise up to $3 billion even as its quarterly sales declined.

Keith Gill, an individual online investor in GameStop, testifies during an entirely virtual hearing of the U.S. House of Representatives Committee on Financial Services entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide?”, in Washington, U.S., February 18, 2021. House Committee on Financial Services/Handout via Reuters/File Photo

Massachusetts regulator probes ‘Roaring Kitty’s’ GameStop trades

GameStop shares surged after the stocks influencer “Roaring Kitty” returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.

NEW YORK, NEW YORK - SEPTEMBER 16: People pass a GameStop store in lower Manhattan on September 16, 2019 in New York City. GameStop has announced that they will be closing between 180 and 200 stores before the end of the fiscal year due to a drop in sales. (Photo by Spencer Platt/Getty Images)

GameStop, AMC drop after two days of sharp rally on ‘Roaring Kitty’ effect

Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.

GameStop Stock Surges, Gets Halted For Volatility After Post From ‘Roaring Kitty’

GameStop’s stock price increased by up to 110% on Monday following the unexpected return of “Roaring Kitty,” a day trader who was instrumental in the 2021 “meme stock rally” on social media. This move put pressure on short sellers who had suffered a $1 billion loss as a result of the spike.