Meme stocks like AMC and GameStop get their price spikes from strong buying interest. GameStop jumped Thursday morning after meme investor Keith Gill, a.k.a. "Roaring Kitty," posted the image of a gift on Twitter/X on Wednesday.

Given its past, GME is highly sensitive to speculation, especially as it's still heavily shorted. Short interest makes up 7.6% of the stock's available float, and would take shorts three days to cover, at the stock's average pace of trading.

GameStop (GME) shares are rallying Thursday afternoon following a new social media post from meme stock figure Keith Gill, also known as 'Roaring Kitty.' The influential trader shared a post on X (formerly Twitter) on Christmas morning featuring a green and red Christmas gift box.

Bloomberg / Contributor / Getty Images Did Roaring Kitty give meme-stock traders a Christmas present? While that isn’t presently clear, GameStop (GME) fans are doing a little shopping of their own this morning. Shares of the retailer associated with ...

Shares of the popular meme stock GameStop (GME) (GME) increased on Thursday afternoon after Keith Gill, the investor popularly known as “Roaring Kitty,” shared an image of a wrapped Christmas present on X.

GameStop Corp. (NYSE:GME) opened trading with a 6.1% swing higher on volume that was above average. The retail stock has since settled back to show a gain of just 2.9%. The post-Christmas bounce is being attributed to an X post from Roaring Kitty that was simply a picture of a wrapped present with no explanation or stock symbol attached to it.