What's Going On With GameStop Stock Thursday?

GameStop Corp (NYSE:GME) shares are moving higher in early trading Thursday. Retail traders appear to be circling a new social media post from meme stock trader Keith Gill, also known as “Roaring Kitty."

What To Know: Gill made his first post in about three weeks on X late Wednesday, which has sparked volatility in shares of GameStop and other related names.

The new post features a dog hanging out on a sidewalk outside of a pizza shop. The song “I Will Wait For You,” sung by Connie Francis, plays throughout as the dog appears to be waiting for something.

GameStop shares tend to see increased attention whenever Gill is active on social media, but most traders appear to believe the meme stock trader may be hinting at another name on his radar.

Shares of Unity Software Inc (NYSE:U) and Clear Secure Inc (NYSE:YOU) briefly popped on the post. Traders across X and Reddit’s r/WallStreetBets are speculating that Roaring Kitty could be looking for other opportunities. Unity Software appears to be the leading guess. Some have speculated that the song is pointing traders to Unity. Others also noted that the letter “U” falls from the pizza shop sign about halfway through the video.

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Gill’s previous post on X featured a short clip of comedian and actor Dave Chappelle impersonating musician Rick James. The meme often includes the word "Unity" overlayed on the image. "Unity" is also the name of a James song from the 1980s.

Gill also posted an image of a wrapped gift in traditional Christmas colors on Christmas Day and posted an image of a TIME magazine cover featuring a blank computer screen and a video player paused at the 1:09 mark of a 4:20-long video in early December. Some traders have suggested that these posts could also be pointing to Unity Software, but it’s not clear if any of his posts have anything to do with Unity or any other stock.

Gill is best known for playing a leading role in the historic 2021 meme stock craze that saw GameStop and other heavily shorted names squeeze higher. He made a return to social media last year following a three-year absence.

GME Price Action: GameStop shares were up 2.47% at $28.34 at the time of publication, according to Benzinga Pro.

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Photo: Shutterstock.