BB stock is making headlines today as it surges 16% amidst a meme stock rally led by the return of Roaring Kitty. Roaring Kitty, known for kickstarting the meme stock rally in 2021, has resurfaced, causing a surge in meme stocks including BlackBerry (BB).
After a period of silence during the meme stock rally last year, Roaring Kitty reappeared over the weekend, posting memes and videos on social media platforms. This resurgence has reignited investor interest in meme stocks, with hopes of a repeat of the 2021 rally, potentially leading to significant gains for meme stocks like BB throughout 2024.
The increased focus on meme stocks has driven heavy trading in BB shares today, with over 44 million shares exchanged, significantly exceeding the daily average trading volume of around 8.8 million shares. As of Tuesday morning, BB stock is up by 16.3% and has gained 5.9% since the beginning of the year.
For more stock market news, investors can explore stories on other trending stocks like SunPower (NASDAQ:SPWR), AMC Entertainment (NYSE:AMC), and Cinemark (NYSE:CNK) to stay informed about the latest market movements.
