1 hour ago
Roaring Kitty’s GameStop investment is expected to exceed 9 million shares
Well-known meme stock trader Keith Gill (aka “Roaring Kitty” and “DeepF——Value”) appears to have increased his holdings in the company to 9 million shares.
Gill posted new screenshots of his E-Trade portfolio on Reddit’s Superstonk forum after the market closed on Thursday, which appear to show that he now holds 9 million 1,001,000 shares of GameStop stock, as well as more than $6 million in cash.
The total value of his portfolio was more than $268 million as of Thursday night, compared with $210 million on June 2. GameStop shares rose more than 14% in regular trading but fell 4% in after-hours trading.
To learn more about how Roaring Kitty increased its stake, read CNBC’s Yun Li’s article here.
–Darla Mercado
1 hour ago
Adobe surges on better-than-expected profit and improved guidance
Shares of software giant Adobe soared more than 16% on Thursday after the company’s second-quarter results beat Wall Street expectations.
Adobe raised both its full-year earnings and revenue outlook. The company now expects earnings per share in the range of $18 to $18.20 and revenue in the range of $5.33 billion to $5.38 billion.
Brian Evans
2 hours ago
Tesla shareholders re-approve Elon Musk’s compensation package
Tesla Inc. shareholders voted Thursday to reinstate Chief Executive Officer Elon Musk’s controversial $56 billion compensation package, but the move needs to be settled in court before it can take effect.
The vote on Musk’s compensation was one of several measures scheduled to go to a shareholder vote on Thursday, including a provision to reincorporate the company in Texas.
Tesla shares traded up about 1%. Tesla shares closed up about 3% during regular trading hours on hopes that the compensation package would be approved.
Brian Evans
2 hours ago
Stock futures were little changed on Thursday
Stock futures were little changed on Thursday after the S&P 500 closed at an all-time high and Adobe reported strong quarterly results.
S&P 500 futures fell 0.1%, while Nasdaq 100 futures dropped 0.04%. Dow Jones Industrial Average futures fell 57 points, or 0.1%.
Brian Evans
