1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,759 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,960 --> 00:00:20,000 Speaker 3: So let's get to some individual market movers. Now underneath 5 00:00:20,000 --> 00:00:22,480 Speaker 3: the hood, we have Nora Melinda back in studio with us. Sonora, 6 00:00:22,520 --> 00:00:23,120 Speaker 3: what are you watching? 7 00:00:23,360 --> 00:00:24,960 Speaker 4: Well, Bonnie, you called it Malina Healthcare. 8 00:00:25,000 --> 00:00:26,960 Speaker 5: This is the best performing stock in the S and 9 00:00:26,960 --> 00:00:29,960 Speaker 5: P five hundred, that's taker moh. Of course, we've been 10 00:00:30,000 --> 00:00:32,360 Speaker 5: watching the stock because it is charging higher, up as 11 00:00:32,479 --> 00:00:35,120 Speaker 5: much as four point eight percent today. That is the 12 00:00:35,200 --> 00:00:37,760 Speaker 5: highest level since October. This, of course is after Michael 13 00:00:37,800 --> 00:00:41,040 Speaker 5: Burry took the sub stack. We're still caring for Michael Burry. 14 00:00:41,080 --> 00:00:44,640 Speaker 5: People have all eyes and ears listening to him. He 15 00:00:44,760 --> 00:00:46,960 Speaker 5: essentially is saying that he's long the stock. He says 16 00:00:46,960 --> 00:00:50,239 Speaker 5: that Melina seems best positioned to emerge stronger as a 17 00:00:50,240 --> 00:00:53,360 Speaker 5: cycle turns, especially as it relates to its peers. I'm 18 00:00:53,400 --> 00:00:56,200 Speaker 5: looking at shares a Malina Healthcare though down about forty 19 00:00:56,240 --> 00:00:58,639 Speaker 5: one percent year today. So we'll just have to see 20 00:00:58,680 --> 00:01:00,720 Speaker 5: whether or not this stock is able to chart some 21 00:01:00,760 --> 00:01:01,800 Speaker 5: sort of turnaround story. 22 00:01:02,000 --> 00:01:04,880 Speaker 1: Yeah, very interesting. Well, we're sticking with the healthcare theme. 23 00:01:05,080 --> 00:01:07,479 Speaker 1: It seems nor because I know that you're looking at 24 00:01:07,800 --> 00:01:08,959 Speaker 1: Ultragenetics Pharmaceutical. 25 00:01:09,000 --> 00:01:12,280 Speaker 5: What's going on, Yes, this is ticker Rare RAR. We're 26 00:01:12,280 --> 00:01:15,280 Speaker 5: seeing shares up about thirteen percent right now. This is 27 00:01:15,319 --> 00:01:17,840 Speaker 5: a company on the smaller side, about ninety six million 28 00:01:17,880 --> 00:01:20,680 Speaker 5: dollars in market cap, but we are seeing sharers up 29 00:01:20,720 --> 00:01:22,920 Speaker 5: for double digit gains. This is the biggest jump we've 30 00:01:22,920 --> 00:01:24,920 Speaker 5: seen since August of twenty twenty four for the stock. 31 00:01:25,280 --> 00:01:28,200 Speaker 5: This is a rebound after yes or back in Monday 32 00:01:28,319 --> 00:01:31,080 Speaker 5: yesterday we saw that shares hit a record low on 33 00:01:31,160 --> 00:01:34,039 Speaker 5: a study failure. Jeffrey's analysts are talking about the fact 34 00:01:34,040 --> 00:01:36,720 Speaker 5: that the stock could rebound into next year ahead of 35 00:01:36,760 --> 00:01:40,000 Speaker 5: a late stage data update. So we'll keep our eyes 36 00:01:40,040 --> 00:01:43,240 Speaker 5: all over this biotech company. But not doing too hot 37 00:01:43,280 --> 00:01:46,200 Speaker 5: this year either. Shares are down about forty seven percent 38 00:01:46,520 --> 00:01:47,280 Speaker 5: so far this year. 39 00:01:47,360 --> 00:01:47,960 Speaker 4: Christine. 40 00:01:48,200 --> 00:01:50,320 Speaker 3: And then another one that I actually didn't really know 41 00:01:50,360 --> 00:01:52,720 Speaker 3: anything about, but it's based in Toms River, New Jersey, 42 00:01:52,760 --> 00:01:57,200 Speaker 3: So well, I guess at a lot of companies. Yeah, 43 00:01:57,280 --> 00:01:59,920 Speaker 3: that was a that was an epic fail there, But OK, yes, 44 00:02:00,200 --> 00:02:02,280 Speaker 3: the ocean forest, what does it tell us all about us? 45 00:02:02,360 --> 00:02:03,680 Speaker 4: No, Yeah, this is one that I had to look 46 00:02:03,720 --> 00:02:04,480 Speaker 4: into as well. 47 00:02:04,640 --> 00:02:08,000 Speaker 5: A small company about one per one million dollars in 48 00:02:08,080 --> 00:02:11,320 Speaker 5: market cap. It's a bank, as you mentioned, it's based 49 00:02:11,320 --> 00:02:13,680 Speaker 5: in Tom's River, New Jersey. But the reason we're talking 50 00:02:13,720 --> 00:02:16,600 Speaker 5: about this stock today OCFC is the ticker there is 51 00:02:16,639 --> 00:02:18,480 Speaker 5: because it is one of the stocks that is down 52 00:02:18,560 --> 00:02:21,800 Speaker 5: in the market today. Pairing is declined substantially, but earlier 53 00:02:21,840 --> 00:02:24,840 Speaker 5: down as much as eleven percent, so a double digit dropper. 54 00:02:24,919 --> 00:02:27,240 Speaker 5: Seeing there the worst day in more than two years 55 00:02:27,240 --> 00:02:29,600 Speaker 5: for the stock. This is after it agreed to buy 56 00:02:29,680 --> 00:02:32,600 Speaker 5: Flushing Financial. This is an all stock deal that includes 57 00:02:32,600 --> 00:02:36,440 Speaker 5: an investment agreement with pe firm Warburg Pinkiss, and this 58 00:02:36,480 --> 00:02:38,040 Speaker 5: will be represented on the company's board. 59 00:02:38,120 --> 00:02:41,160 Speaker 4: So a bit of M and A activity here. 60 00:02:41,160 --> 00:02:43,760 Speaker 1: Yeah, I mean, we obviously can't finish the year without 61 00:02:43,960 --> 00:02:47,080 Speaker 1: M and A activity. What's your sense, Nora in that space? 62 00:02:47,120 --> 00:02:49,480 Speaker 1: You know, you feel like we've seen so many big deals. 63 00:02:49,560 --> 00:02:52,919 Speaker 1: Is that something that's consolidation of a theme that's gonna 64 00:02:53,040 --> 00:02:54,480 Speaker 1: keep going into twenty twenty six. 65 00:02:54,560 --> 00:02:56,519 Speaker 5: Yeah, we've certainly been seeing a lot of M and 66 00:02:56,560 --> 00:02:59,680 Speaker 5: A action, especially as we're looking at certain sectors in particular. 67 00:03:00,080 --> 00:03:01,840 Speaker 5: I mean it's interesting when we continue to look at tech. 68 00:03:01,880 --> 00:03:04,480 Speaker 5: We've been seeing so many deals in that space as well. 69 00:03:04,680 --> 00:03:06,400 Speaker 5: Healthcare is certainly on the mind a lot of what 70 00:03:06,400 --> 00:03:08,480 Speaker 5: we've been discussing today, so we're going to have to 71 00:03:08,560 --> 00:03:11,440 Speaker 5: keep everything in mind and keep an eye on all 72 00:03:11,480 --> 00:03:13,280 Speaker 5: this In terms of the activity for m. 73 00:03:13,240 --> 00:03:14,720 Speaker 4: And A into twenty twenty six. 74 00:03:16,440 --> 00:03:20,480 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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