Klarna jumps after filing reveals that Chairman Michael Moritz bought ~$50 million in stock

Shares of Klarna rose 6% in premarket trading on Friday after the company’s chairman, Michael Moritz, purchased shares worth ~$50 million.

Per the “buy now, pay later” giant’s regulatory filings reported late on Thursday, Moritz purchased over 3.47 million shares between March 3 and 11 through an associated entity in multiple open market purchase transactions. On the same day, the company also filed Chief Product Design Officer David Fock’s purchase, worth ~$0.4 million, made during the same period.

The filings showed that Klarna’s two other executives sold a total of 56,502 shares under preestablished plans.

Klarna has had a volatile few days, dropping 11% yesterday amid a tough day for the market as a whole, after the company’s post-IPO lockup period expired for early investors.

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Luke Kawa

29m

These two charts show how the Iran war is causing markets to price in a longer oil supply crunch

The rise of third-month Brent futures relative to front-month this week is unprecedented since at least 1989.

Matt Phillips39m

Bitcoin bounce lifts crypto stocks

Crypto stocks rose in early Friday trading, riding a rebound in the price of bitcoin to more than $73,000.

Coinbase, Strategy, Circle, and MARA Holdings were among the biggest gainers of that cadre. Their end-of-the-week bounce might be getting a bit of extra oomph from the fact that companies have picked up a fair bit of interest from short sellers in 2026, as bitcoin fell about 15%.

Some of those shorts might be looking to quickly close out positions — which requires buying the stock — ahead of what could be another unpredictable weekend of war.

Max Knoblauch59m

Carvana announces plans for a 5-for-1 stock split, the company’s first

Online car retailer Carvana said on Friday that its board has approved a 5-for-1 stock split, a first for the company.

Carvana shares climbed more than 2% in premarket trading on Friday.

Per the company’s announcement, the move is “designed to ensure that earning and buying whole shares of Carvana stock is within reach for all of its team members.”

Pending stockholder approval, the split will occur after the market closes on May 6.

Carvana stock is down 31% this year following steep drops after its Q4 earnings results last month and a short seller report earlier in the year. Carvana told Sherwood News that the report was “inaccurate and intentionally misleading.”

Carvana Board of Directors Approves 5 for 1 Forward Stock Split

Pending stockholder approval, the split will occur after the market closes on May 6.

Claire Yubin Oh

Adobe sinks as CEO departs after 18 years at the helm, overshadowing solid Q1 results

ARR exited the quarter up 10.9% from this time last year, a slight slowdown that might compound AI concerns.

Luke Kawa

Avocado, toast?

12h

Meta reportedly delays the launch of its new AI model because it’s just not that good

Meta’s AI leaders have “instead discussed temporarily licensing Gemini to power the company’s AI products, though no decisions have been reached,” according to The New York Times.

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