Roaring Kitty phones at home? GameStop Influencer Goes Quiet After ‘ET’ Clip Signals Potential Goodbye – GameStop (NYSE:GME)

A video clip posted by the Roaring Kitty account on social media platform Keith Gilan influential figure in the 2021 GameStop short squeeze, just as GameStop shares are experiencing renewed volatility.

While GameStop shares surged early last week, the stock price fell following a potential bid. A new social media outing from Gill could further dampen the video game retailer’s stock price rise.

What happened: Roaring Kitty’s X account took the world by storm last week, posting dozens of video clips and reporting interest in GameStop Company (NYSE:GME) shares again.

It seems that the Roaring Kitty’s X account, which it is unclear if it still belongs to Gill, is saying goodbye to him again.

The Roaring Kitty account made its first post in three years with a meme posted on Sunday, May 12.

After dozens of posts, the account may have said goodbye on Friday, May 17 with a clip from the 1982 hit film “ET.” The clip shows the ET creature boarding a spaceship to return home him.

Just as ET “phones home” and returns to her home planet, Roaring Kitty might do the same and leave social media again after a brief one-week stint.

The music video for “ET” was accompanied by music from “Goodbye Stranger” by Supertramp.

“Goodbye stranger, it feels good, I hope you find your paradise. I tried to see your point of view. I hope your dreams all come true,” the lyrics of the song say.

Related Link: Who is Roaring Kitty? Why is its return on social media important for GameStop Stock?

Why it’s important: GameStop shares closed Friday, May 10 at $17.46. Thanks to the meme shared by Roaring Kitty and a recent surge in interest in the video game retailer, shares opened for trading at $26.34 on Monday, May 13. Shares traded between $24.77 and $38.20 on Monday and saw increased volume and volatility.

On Tuesday, May 14, GameStop shares traded between $36.00 and $64.84, hitting new 52-week highs again and trading near $80 in the pre-market session.

On Wednesday and Thursday, shares had begun to decline due to less interest in the stock and a potentially shorter rally than in 2021. On Friday, GameStop pre-announced first-quarter financial results that fell short of analyst estimates.

The video game retailer also announced an at-the-market offering of up to 45 million shares.

GameStop shares fell Friday on the news, trading between $19.70 and $22.41 that day.

Roaring Kitty saw its followers increase from 470,513 to 1,345,063 from Sunday May 12 to Sunday May 19 according to data from Social Blade.

Benzinga previously wrote about five things that could end the GameStop rally. Among the items were an offering of GameStop stock and the X account not being Gill. Although it is unclear if it was Gill who posted the video clips, her exit from social media could once again impact the rally.

Another of the five elements Benzinga listed was that investors were moving to a shiny new object and losing interest in GameStop. This situation could be exacerbated this week by the stock offering and potential end of Roaring Kitty’s influential positions, prompting investors to look for the next big play.

GME Price Action: GameStop shares are down 11.2% at $19.73 on Monday, compared with a 52-week trading range of $9.95 to $64.83. GameStop shares are up 21.4% year to date in 2024 and down 7% from last year.

Read next: EXCLUSIVE: Citron Research’s Andrew Left is Short GameStop Again

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