Unity Software Stock Soars, Apparently in Response to 'Roaring Kitty' Post
Key Takeaways
Unity Software (
U
) shares jumped 7% Thursday, a day after a social media post by the
meme stock
hero known as "
Roaring Kitty
" featuring a clip referencing the late musician Rick James, who had a song called "Unity."
No recent securities filings by Unity Software show that Keith Gill, a.k.a. "Roaring Kitty," had purchased shares.
'Roaring Kitty' Posts Have Sent Several Stocks Jumping Since Last June
After making his mark during the meme stock craze of late 2020 and early 2021, Gill resurfaced last year, sending shares of several stocks jumping with his posts.
Gill's foray back into the limelight began in June, when he
indicated a large position
in video game retailer GameStop (
GME
) in a post on Reddit (
RDDT
), where he goes by the username "DeepF---ingValue." That was followed with a cryptic photo of a cartoon dog on X that drove up shares of Chewy (
CHWY
) and Petco Health + Wellness (
WOOF
).
Later, a
Securities and Exchange Commission (SEC
) filing revealed Gill had taken a
position
in Chewy. Gill later posted another cryptic photo from the movie "Toy Story 2,"
suggesting
that he had dropped the stock. He did
sell
it later in the year.
Despite Thursday's rise, Unity Software's stock has lost nearly 40% of its value over the past 12 months.
CORRECTION and UPDATE—This story has been corrected to reflect that the GIF references Rick James, and updated to provide the latest stock price information
.