GME, AMC, and CHWY all experienced volatile trading after Roaring Kitty reappeared
GameStop Corp (NYSE:GME), AMC Entertainment Holdings Inc (NYSE:AMC), and Chewy Inc (NYSE:CHWY) have all been popular retail trader plays, especially since Keith Gill (otherwise known as "Roaring Kitty") returned to social media this summer.
The Reddit influencer helped kick off the meme stock craze that happened during the Covid-19 pandemic, which built up so much momentum that online brokerage platform Robinhood (HOOD) halted trading of GME and other retail favorites temporarily in 2021. Now that Roaring Kitty is back, it's a good time to check in with GME, AMC, and CHWY.
The original meme stock, GME is up 4% to trade at $23.37 at last check. After Roaring Kitty's return, the shares took off on the charts, hitting a May 14, roughly three-year high of $64.83 and notching a 97.2% gain for the second quarter. Things have since cooled off, with the security on track to lose over 5% for the third quarter. Thanks to that early summer bump, however, GameStop stock boasts a 41.7% year-over-year lead and a 33% year-to-date gain.
AMC Entertainment stock's price action has been much more subdued, though May 14 also ushered a more than eight-month high of $11.88. Today, AMC is up 3.6% at $4.66, following news that the company shaved almost $153 million off its debt load. The stock is on track for quarterly and monthly losses, however, and is down more than 24% since the start of 2024.
Lastly, Chewy stock is off 1.8%, trading at $29.42 at last look. Shares of the online pet supply retailer took more time to take off on the charts, hitting a June 27, nearly 52-week high of $39.10. The $20 region saved a fast turnaround from this rally, and CHWY now sports a 7.4% quarter-to-date lead, as well as a small monthly lead, and nearly 24% year-to-date gain.