Keith Gill, whose Roaring Kitty online moniker has sent GameStop Corp. shares surging in the past week, sparked another rally in the video-game retailer after a YouTube post said he'd return to the platform Friday for the first time in three years.
GameStop shares surged as much as 41% to $44.41 as of 1:45 p.m. in New York, triggering a volatility halt. The stock is up nearly 60% in two days and has more than doubled since Gill tweeted a cryptic meme May 12.
While Gill's YouTube post contained no information on what the investor planned to discuss or disclose, his expected return sparked further speculation that Gill is bullish on GameStop.
The post said his live stream will kick off at 12 p.m. New York time.
The details of the scheduled stream also included a disclaimer that does not appear in his prior live streams.
The disclaimer, which says it will play at the start of the stream, was layered with legalese about the video being opinion based and included a warning that past performance is not indicative of future results.
"This YouTube channel is not under any obligation to update or correct any information provided in these videos," the disclaimer reads. "Statements and opinions are subject to change without notice. No compensation is received by this YouTube channel for the opinions expressed."
Within minutes of the posting being circulated, more than 10,000 YouTube users signaled an interest in being notified when the stream starts. The video's live chat featured hundreds of comments.
In the wake of the update, the company's ticker was trending on popular chatroom StockTwits as well as Reddit's WallStreetBets forum.
