Title. How does a stock move so violently without any news from the company?
In: Economics
GME is a memestock and as such it has a lot of… irrational… retail investor interest and behavior. If you want a dive into the history and mentality behind it, youtuber [Dan Olson did an amazing documentary](https://www.youtube.com/watch?v=5pYeoZaoWrA) that goes into it.
As such if the community that is invested in it, both figuratively and literally, gets hyped for some reason it can lead to wild swings in prices divorced from normal price discovery mechanisms or even just outright reality.
As for why it shot up this time, it seems that Roaring Kitty aka Deep F**kingValue aka Keith Gill, near enough prophet to the apes on r/wallstreetbets who has significant association with GameStop investing (the doco above goes into it), has broken his [years long silence and posted a meme and a bunch of movie clips to twitter](https://twitter.com/TheRoaringKitty) expressing vague bullish sentiment, and so the apes have gone wild.
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