Why Unity Stock Is Soaring Today

Unity (NYSE: U) stock is making big gains in Thursday's trading. The software company's share price was up 8.8% as of 11:30 a.m. ET. Meanwhile, the S 500 (SNPINDEX: ^GSPC) was up 0.1%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.2%.

Unity stock is surging today following a recent post by Keith Gill, better known by his online handle "Roaring Kitty." Investors are betting that Gill is backing Unity as one of his next big stock plays and that more explosive gains could be on the horizon.

Yesterday, Gill posted a short video on his Roaring Kitty account on X featuring comedian Dave Chappelle in character as musical artist Rick James. The clip is from a skit that features Chappelle's Rick James character and makes reference to the singer's song "Unity."

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Source Fool.com