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Stock futures are mixed after S&P 500 posts fourth consecutive closing record: Live updates
10 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
10 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
10 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
10 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