Roaring Kitty's Time Magazine Mock-Up Sparks Speculative Meme Stock Trading

Benzinga 2024-12-06

Views 131

Shares of meme stocks surged Thursday following a cryptic post by Keith Gill, known as Roaring Kitty. Gill posted a mock Time magazine cover referencing the 2006 "You" Person of the Year issue, sparking speculative trading. Unity Software shares, ticker "U," rose nearly 5%, while Clear Secure, ticker "YOU," fell nearly 1% after early losses were pared. Gill's post drove increased call option activity, particularly for Unity. Traders also made complex options trades on Clear Secure.

Share This Video


Download

  
Report form
RELATED VIDEOS