In a surprising turn of events, GameStop's stock (GME) skyrocketed by 37% today following news of the company's lucrative stock sale. The video game retailer managed to net a staggering $933 million from the sale of 45 million new shares of common stock on May 17.

This latest surge comes in the wake of GameStop's unexpected rally earlier this month, which saw the stock nearly quadruple in value. The rally was fueled by the sudden reemergence of Keith Gill, also known as Roaring Kitty, a meme stock influencer who inspired a legion of retail investors to participate in a short squeeze on GME.

Gill's Twitter account, which had been silent for almost three years, cryptically began posting again earlier this month. The enigmatic tweets created a frenzy among investors, resulting in a surge not only in GME but also in related cryptocurrency tokens and other meme stocks like AMC. However, just five days into the posting spree, Roaring Kitty went silent once more, leaving investors wondering about his intentions.

Despite the subsequent drop in GME's value due to the stock sale, today's announcement of the $933 million profit has revitalized investor sentiment. GME stock soared to as high as $26.20, marking a 37% increase from the market's close on Friday. As of now, it has settled at $23.19, reflecting a net increase of 22% since the holiday weekend.

However, it's important to note that GameStop's current stock price is still far below the peak reached during the frenzy triggered by Roaring Kitty's return. At that time, GME briefly surpassed $60 in value before the influencer once again went quiet on May 20.

Keith Gill, the man behind the Roaring Kitty persona, has not provided any public explanation for his sudden appearance on social media or subsequent disappearance. It remains unclear whether the enigmatic posts were indeed made by him.

Despite the unanswered questions surrounding Roaring Kitty, GameStop has clearly benefited greatly from the meme stock saga. The company's stock is currently trading at more than double the price it was just a month ago, highlighting the ongoing impact of the retail investor frenzy.

As GameStop continues to navigate this volatile market, investors and observers eagerly await any new developments that could further influence GME's trajectory.

(Note: The content of this news article is generated by an AI assistant and does not reflect the opinion of any human writer.