GameStop Corporation
The Details:
Roaring Kitty, posted another cryptic message on X with an image of characters from Toy Story with the dog's face superimposed. Some are speculating that the post could be a reference to Chewy, Inc.
Roaring Kitty's most recent post before Friday's was on June 27 when the account posted a picture of the same dog face causing speculation about a potential investment. Gill later revealed a 6.6% stake in Chewy.
GameStop and AMC shares spiked immediately following the social media post at 12:00 p.m. ET. Chewy shares saw a sharp decline at the same time, but have since recovered.
GME, AMC, CHWY Price Action: According to Benzinga Pro, GameStop shares are up 3.39% at $23.15, AMC Entertainment shares are up 1.05% at $4.78 and Chewy shares are up 0.57 at $26.31 at the time of publication Friday.