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  4. Manchester United Shares Rise as Musk Jokes He Could Buy His 'Fav Team'
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Manchester United Shares Rise as Musk Jokes He Could Buy His 'Fav Team'

By Senad Karaahmetovic Shares of Manchester United (NYSE:MANU) are up almost 4% in premarket after Tesla (NASDAQ:TSLA) CEO Elon Musk joked he could buy the English football...
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Manchester United Shares Rise as Musk Jokes He Could Buy His 'Fav Team' © Reuters. Manchester United (MANU) Shares Rise as Musk Jokes He Could Buy His 'Fav Team'

By Senad Karaahmetovic

Shares of Manchester United (NYSE:MANU) are up almost 4% in premarket after Tesla (NASDAQ:TSLA) CEO Elon Musk joked he could buy the English football club.

Musk initially tweeted “I’m buying Manchester United ur welcome,” which sent fans of the troubled Premier League fans into delirium. When asked by another Twitter account if he’s serious, Musk responded:

“No, this is a long-running joke on Twitter. I’m not buying any sports teams,” he said.

“Although, if it were any team, it would be Man U. They were my fav team as a kid.”

For many Manchester United fans, these kinds of jokes are no fun given that fans are unhappy with the current state of the legendary English football club. Protests against the Glazers family, which owns Manchester United and NFL franchise Tampa Bay Buccaneers, are set to take the stage on Monday when United and its biggest rival Liverpool are scheduled to play a Premier League match.

Manchester United fan group “The 1958” announced it will stage the third event against Glazers. This is after the Manchester United Supporters Trust described the American family’s ownership as akin to a “fish that rots from the head.”

On the other hand, it seems that some market participants are also not joking. A Twitter account, unusual_whales, which follows unusual market activity noted a pick up in options trading volume.

“$MANU gets 0 options activity. Two days ago, someone did 450k, sustained volume, in $14 calls expiring 31 days, 3500% increase in volume,” the account tweeted this morning.

Shares of Manchester United are down almost 13% YTD as the football club continues to struggle on the pitch.

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01-05-2024 10:45:17 (UTC+7)

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-0.0008 (-0.07%)

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Moving Avg:

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Indicators:

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EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

Moving Avg:

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1.2475

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157.91

+0.12 (+0.07%)

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↑ Buy

Moving Avg:

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0.6469

-0.0003 (-0.05%)

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Moving Avg:

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1.3780

+0.0003 (+0.03%)

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168.32

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8,144.13

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1,973.05

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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