RFK Jr. touts GameStop stock purchase, support for meme stock investors
Independent presidential candidate Robert F. Kennedy Jr. shared online that he invested in GameStop, showing support for meme stocks and their investors.
Kennedy, who has pledged to impose stronger regulatory oversight and tougher penalties for stock market manipulation, posted on social media platform X supporting meme stock investors who call themselves the “Ape retail rebellion.”
If elected, he said he would support the cause, enact aggressive Wall Street reforms and increase transparency in the market.
“To match action with words, I just invested $24,000 in GameStop from the fees I earned from suing Monsanto for their knowingly poisoning our soil and causing cancer,” Kennedy said. “I love the idea of making Monsanto support $GMW and the Apes.”
“We need a free and fair market. Let’s punish predatory short selling to the moon,” his post continued. “By the way, I ride with you and I’m not leaving.”
GameStop shares are surging again after the return of “Roaring Kitty.” The embattled video game retailer was at the center of a 2021 controversy and meme stock frenzy after Roaring Kitty, who is legally known as Keith Gill, began another stock market surge.
Gill was launched to fame and fortune several years ago after telling his followers, amateur traders, to invest in GameStop, which had suffered during the COVID-19 pandemic and the move away from physical game discs. GameStop shares peaked at $82 in Jan. 2021.
While he doesn’t face any criminal charges, Gill has been at the center of lawsuits and calls for Wall Street to crack down on meme stock trading and the fears of social media-driven stock market swings. Gill went silent online for nearly three years but posted a meme on X, which reignited the market.
Since Gill’s return online, meme stocks, including GameStop and AMC have already climbed. GameStop shares were up nearly 70 percent Monday morning, rising to roughly $30 per share from Friday’s closing price of $17.39.
Date: |
Filter
-
GameStop’s stock pares back gains as Roaring Kitty grows stake
Influential trader Keith Gill, also known as “Roaring Kitty” has grown his stake in video game retailer and original meme stock GameStop.MarketWatch - Business -
Where RFK Jr. Stands on the Issues: From Abortion to Climate Change
The independent candidate, though still a long shot, has found support for his blend of populist economic rhetoric, isolationist foreign policy leanings and government skepticism.The New York Times - Top stories - Climate -
Investors continue to flee French stocks, shift toward German bonds on election nervousness
The spread between French and German 10-year government bonds continued to widen on Friday on nervousness that French parliamentary elections could yield a fractured body.MarketWatch - Business - Germany -
‘Don’t sell a dull market short’ is the advice stock investors need right now
Market’s ‘summer doldrums’ depress trading activity but not necessarily stock prices.MarketWatch - Business -
RFK Jr. doubles down on opposing Gaza cease-fire, invokes Nazi Germany
Independent presidential candidate Robert F. Kennedy Jr. doubled down on his opposition of a cease-fire in Gaza and pointed to what the allied forces did to combat Nazi Germany in the 1940s. Kennedy joined “Piers Morgan Uncensored” on Thursday and ...The Hill - Politics -
Stocks Fall, European Markets Sell Off
Investors dumped European stocks and snapped up safer government bonds amid French political turmoil. U.S. stocks opened lower.The Wall Street Journal - World -
U.S. Stocks Trade Lower
U.S. stock indexes edged lower, after the S&P 500 and the tech-heavy Nasdaq closed at record highs for the last four sessions.The Wall Street Journal - World -
Index funds are ruining the stock market
Passive investing is making market concentration worse, says new researchMarketWatch - Business -
Heard on the Street's Stock-Picking Contest
Read about our columnists’ favorite and least-favorite stocks and see how they have performed.The Wall Street Journal - World -
Malaysia’s new CRRC rolling stock delivered
Yahoo News - World
More from The Hill
-
Eyeing Trump presidency, conservatives want to delay funding fight
Bullish of former President Trump’s chances of winning back the White House in November, some conservatives are pitching a funding stopgap that would extend into next year rather than expire during a lame duck session when President Biden would ...The Hill - Politics - Donald Trump -
Iran and Sweden to swap prisoners, including convicted war criminal
Iran agreed Saturday to release two Swedish nationals held in Tehran for over two years in exchange for a convicted Iranian war criminal tied to the 1988 mass killing of protestors critical of the Islamic Republic in the capital city. While ...The Hill - Politics - Iran -
Raskin hits Republicans for bowing to 'sugar daddy' Trump after Capitol visit
Rep. Jamie Raskin (D-Md.) criticized his Republican colleagues in Congress Saturday after they met with former President Trump in closed-door meetings earlier this week, calling the positivity around the visit "a scandal and a disgrace." The ...The Hill - Politics - Donald Trump -
Sunday shows preview: Trump sells GOP unity with Capitol visit
Former President Trump made an appearance on Capitol Hill this week, attempting to rally Republican lawmakers during his first time meeting with Congress since the Jan. 6, 2021 riots. Several of his most loyal supporters will make appearances on ...The Hill - Politics - Donald Trump -
America is full of the living dead — and Mississippi is ground zero.
lawmakers in Mississippi and across this nation must finally put people over politics and deliver much-needed policies like Medicaid expansion and increased access to health care to meet the urgency that this crisis demands.The Hill - Politics