Berkshire Hathaway
Class A shares reopened around 11:30 a.m., and gained 0.6% at close. The stock was halted earlier Monday by the New York Stock Exchange after a technical glitch showed a drop of more than 99%.
GameStop
stock soared 21% to $28 after a post on the Reddit account at the center of the stock’s 2021 surge. The user, Roaring Kitty, appeared to post a screenshot that shows a $181.4 million position in
GameStop
stock and options. A fellow meme stock, the movie-theater chain
AMC Entertainment Holdings
,
jumped 11% to $4.81.
Coherent
shares rose 23% after the optoelectronics company said it has appointed James Anderson, former chief executive officer of
Lattice Semiconductor
,
to take over as CEO. He replaces Vincent Mattera, who earlier this year said he planned to retire following the appointment of his successor. Lattice stock was down 16%.
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Autodesk
stock rose 4.6% after the software company said late Friday that it completed an investigation into its accounting and determined there will be no restatement of financial results. It also filed first-quarter preliminary earnings and sales that were higher than Wall Street had expected.
Paramount
stock climbed 7.5% after The Wall Street Journal reported that a revised offer from Skydance Media allows shareholders to cash out at a premium.
BYD
stock gained 4.1% after the Chinese electric vehicle leader turned in strong sales numbers for May. So far in 2024, BYD has sold 1,266,934 cars, up 27% compared with the same span of 2023. Fellow EV makers
Nio
and
Tesla
were down 0.9% and up 1%, respectively.
Spotify
was up 5.7% after the…
..