Koss (NASDAQ: KOSS) stock is surging on Monday along with other meme stocks, following the return of Roaring Kitty, also known as Keith Gill. Roaring Kitty gained fame in 2021 for his analysis of GameStop (NYSE: GME) stock, which led to a significant short squeeze of the retailer’s shares.
Roaring Kitty made a comeback with a post on X, his first since 2021, featuring an image of a man holding a game controller, a meme often shared among gamers to indicate seriousness. Koss was a prominent meme stock in 2021 alongside GameStop and AMC Entertainment (NYSE: AMC), so it’s no surprise that it is rallying alongside them with the return of Roaring Kitty.
As of Monday morning, KOSS stock is up 28.5% with over 14 million shares traded, significantly higher than its daily average trading volume. GME stock is up 69.6%, and AMC stock is up 30.3%, both experiencing high trading volumes as well.
For more stock market news, investors can look into the latest updates on Intel (NASDAQ: INTC), Kenvue (NYSE: KVUE), and Squarespace (NYSE: SQSP) stock movements.
Please note that the opinions expressed in this article are those of the writer and do not reflect the views of InvestorPlace.com.