Retail investors' leader is going to do a live broadcast! GameStop soars over 47% on the news!

According to the VESYNC Financial APP, GameStop (GME.US) continued to rise on Thursday as there was news that retail investor leader Keith Gill, also known as Roaring Kitty, will be live streaming on YouTube for the first time in three years. By the closing bell, the company's stock had surged by 47.5%.

The live stream is scheduled for Friday noon Eastern Time. Gill's last YouTube live stream was on April 16, 2021, which has accumulated over 1.1 million views. His YouTube channel has 714,000 subscribers.

The news of Friday's live stream has sparked a lot of reactions on social media. Dave Lauer, CEO of Urvin Finance, posted on X, saying, "Here we go - @TheRoaringKitty's first live stream since 2021 is scheduled for tomorrow, June 7th at noon ET. Get ready!"

Investors and traders on the social platform Stocktwits wrote on X, "Countdown begins...".

Gill returned to social media last month, triggering a new wave of meme stock frenzy, leading to the rise in stock prices of GameStop and AMC (AMC.US). GameStop and AMC were at the core of the 2021 meme stock frenzy.

On Thursday, due to volatility, trading in GameStop stock was halted twice. The stock closed at $46.55, marking the highest closing price since May 14. GameStop stock has risen on five out of the past six trading days.

AMC stock closed up 12.4% on Thursday, following a 7.5% increase on Wednesday.

On Monday, after a Reddit account related to Gill posted on Sunday showing he held a large amount of GameStop stock, GameStop surged again. A subsequent screenshot showed Gill maintaining his position. The authenticity of these screenshots could not be verified by the media. Gill also posted a mysterious post on X featuring a green "reverse" card from the card game Uno.

On Tuesday, a spokesperson for Massachusetts Secretary of the Commonwealth Bill Galvin stated that the state's securities division is "investigating" Gill's trading activitiesForeign media this week cited sources familiar with the matter as saying that the Securities and Exchange Commission (SEC) has been reviewing the trading activity of GameStop call options before and after the posting of Gill's social media posts. However, according to foreign media reports, it is currently uncertain whether the SEC is specifically investigating Gill.

Gill has not responded to requests for comment regarding the investigation in Massachusetts or the SEC's trading review.

GameStop's stock has risen by 165.5% in 2024, while AMC's stock has fallen by 5.4% and the S&P 500 index has risen by 12.2%