2 Hours Ago
Roaring Kitty’s GameStop bet appears to top 9 million shares
Famed meme stock trader Keith Gill – also known as “Roaring Kitty” and “DeepF——Value” – seems to have bolstered his stake in the company to 9 million shares.
Gill posted a new screenshot of his E-Trade portfolio to Reddit’s Superstonk forum on Thursday after the market close. The image seems to show that he’s now holding 9.001 million GameStop shares and more than $6 million in cash.
The total value of his portfolio surpassed $268 million on Thursday evening, compared to $210 million on June 2. Shares of GameStop jumped more than 14% in regular trading, but slid 4% in after hours.
Read more from CNBC’s Yun Li on how Roaring Kitty may have upped his stake here.
–Darla Mercado
2 Hours Ago
Adobe soars following earnings beat, higher forward guidance
Shares of software giant Adobe soared more than 16% on Thursday after the company’s second-quarter results surpassed Wall Street estimates.
Adobe raised both its full-year earrings and revenue outlook. The company now forecasts earnings of $18 per share to $18.20 on revenue in the range of $5.33 billion to $5.38 billion.
— Brian Evans
2 Hours Ago
Tesla shareholders reapprove Elon Musk’s pay package
Tesla shareholders voted to reinstate CEO Elon Musk’s controversial $56 billion pay package on Thursday, although the measure has to be settled in court to take effect.
The vote on Musk’s compensation was one of several measures poised for a shareholder vote on Thursday, including a provision to reincorporate the company in Texas.
Shares of Tesla traded roughly 1% higher. Tesla stock closed nearly 3% higher during the regular session in anticipation that the pay package would be approved.
— Brian Evans
3 Hours Ago
Stock futures are little changed on Thursday
Stock futures were little changed on Thursday, following the S&P 500’s latest record-high close and strong quarterly results from Adobe.
S&P 500 futures ticked down 0.1%, while Nasdaq 100 futures slipped 0.04%. Dow Jones Industrial Average futures ticked down 57 points, or 0.1%.
— Brian Evans
