GameStop (NYSE:GME) stock is experiencing trading halts on Monday morning as the return of Roaring Kitty results in a major rally for the video game retail company’s shares.

Roaring Kitty is the investor that started the GME stock meme rally back in 2021. This spread to become a larger meme stock rally that caused quite a bit of volatility for the market. This came alongside short squeezes of several shares.

With Roaring Kitty making his first post on X since 2021, a new meme stock rally is underway. GME is among these as the post made by the investor references gamers with a person holding a controller leaning forward. That’s a sign of gamers getting serious.

With this has come several trading halts for GME stock on Monday. The reason behind these halts is the Limit Up Limit Down rules. That’s seen trading of GME shares halted nine times since markets opened this morning.

GME Stock Market Movement Today

With all of this activity comes heavy trading of GME stock on Monday. That has more than 98 million shares of the stock changing hands as of this writing. To put that in perspective, the company’s daily average trading volume is below that at about 7.1 million shares.

GME stock is up 63.7% as of Monday morning.

Investors will find more of the latest meme stock market news ready to go below!

We have all of the hottest happenings with meme shares on Monday! That includes everything happening with AMC Entertainment (NYSE:AMC) stock, Koss (NASDAQ:KOSS) stock and GME shares today. All of this info is ready to go at the links below!

More Monday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2024/05/gme-stock-halted-as-roaring-kitty-triggers-major-gamestop-rally/.

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