- Meme stocks surge: GME up 50%, PEPE sees smaller gains
- GameStop investor “Roaring Kitty” returns, sparking interest
- Whale transaction on PEPE raises concerns of price volatility
Meme stocks experienced a resurgence in the last 24 hours, with both GameStop (GME) and Pepe (PEPE) registering notable price movements. GME surged by nearly 50% to $0.007729, accompanied by a trading volume of $84.5 million. PEPE, on the other hand, saw a more modest uptick of 0.26%, reaching $0.000009 with a significantly higher trading volume of $847.5 million.
Renewed interest in GameStop emerged after the return of Keith Gill, a retail investor known online as “The Roaring Kitty,” who played a pivotal role in the company’s stock surge in 2021. Gill’s return to the spotlight rekindled investor interest, prompting some to revisit their investment strategies from the previous year.
For GME, technical indicators present a mixed picture. The Relative Strength Index (RSI) sits at 52.58, suggesting a neutral market sentiment, neither overbought nor oversold. However, the Moving Average Convergence Divergence (MACD) hints at a potential bullish reversal, suggesting that the stock may …
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