Is the WSB Concept Making a Comeback?
Shearing sheep
December 6, 2024
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Hey everyone! Looks like the meme stock mania might be making a comeback—at least for now! After-hours trading saw Gamestop (GME.US) jump over 4% at one point, and AMC (AMC.US) saw a 1% bump. So, what’s behind these moves? Well, it seems like Roaring Kitty, the face of meme stocks, is back at it, posting a mysterious tweet that sparked a flurry of trading.

The tweet featured an image that closely resembled the famous 2006 Time magazine cover, which famously declared "You" (the public) as the "Person of the Year." The image was edited to show a blank computer screen with a YouTube-style media player, and that’s all we got—no explanation, just vibes. Naturally, the traders, particularly those in the retail crowd, took it as a signal to jump in.
What followed? Unity Software (U.US) saw a solid 8.2% rise during the day, before closing up 4.90%.

Clear Secure (YOU.US), which had been in the red, quickly reversed its drop to close down just 1.13%.

Meanwhile, Gamestop saw its stock price surge by 14% at one point, only to settle at a 5.92% gain.

AMC followed a similar pattern, also closing up 5.91%.

Well, it looks like the power of social media and meme-driven stocks still packs a punch, especially when the right influencer—like Roaring Kitty—makes an appearance. It’s clear that retail traders are still willing to pile into these names, whether it's based on speculation or pure nostalgia for the crazy 2021 rallies.
But Is this the start of another meme stock wave? Personally, I’m not so sure. It could just be a temporary bump, fueled by hype and a few influential tweets. But it does highlight how retail investors can still stir up volatility in certain stocks.
What do you guys think? Are we on the verge of another meme stock mania? #MemeStocks
#MemeStocks