Why GameStop is increasing today in premarket

GameStop's premarket surge today can be attributed to the return of Roaring Kitty, an influential investor who had a significant impact on the company's stock in 2021. Roaring Kitty's return to social media, particularly to the service X, has reignited interest in GameStop shares. On Monday, GameStop's stock surged by 74%, and the premarket gains on Tuesday suggest the stock will surpass its previous high of $38.20. This surge in GameStop's stock price is part of a broader trend of meme-stock mania, with AMC Entertainment, another meme stock, experiencing a similar surge on Monday. The return of Roaring Kitty has driven retail traders to buy GameStop shares, contributing to the surge in stock price. This investor sentiment is likely influenced by the high-risk, high-reward nature of meme stocks and the desire to capitalize on short-term price movements. The overall market sentiment, as indicated by the S&P 500 ETF Trust (SPY), remains relatively stable, with a slight increase of 0.01%.${富文本块}