1 00:00:02,520 --> 00:00:07,400 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock movers report 3 00:00:13,760 --> 00:00:16,720 Speaker 2: the company's making moves at the close of US trading. 4 00:00:16,880 --> 00:00:22,880 Speaker 2: With Carol Masser, Tim stenovek Romain Bostik, and Katie Greifel. 5 00:00:23,000 --> 00:00:25,160 Speaker 1: I'm going to go to some of the individual gainers. 6 00:00:26,720 --> 00:00:28,520 Speaker 1: Number one gainer in the S and P five hundred 7 00:00:28,520 --> 00:00:30,840 Speaker 1: in fact, up about twelve percent in today's session. We're 8 00:00:30,840 --> 00:00:35,920 Speaker 1: talking about Norwegian Cruise. This one after activist investor Elliott 9 00:00:36,280 --> 00:00:38,640 Speaker 1: Investment Management said it built a more than ten percent 10 00:00:38,680 --> 00:00:42,400 Speaker 1: stake in Norwegian also sent a letter and presentation to 11 00:00:42,440 --> 00:00:45,760 Speaker 1: the company's board urging changes to unlock what it believes 12 00:00:45,840 --> 00:00:48,720 Speaker 1: is more than one hundred and fifty percent upside for shareholders. 13 00:00:48,760 --> 00:00:52,520 Speaker 1: So again, about twelve percent upside in today's session alone. 14 00:00:52,720 --> 00:00:55,520 Speaker 1: Let's go to another one, Masimo. This one up thirty 15 00:00:55,560 --> 00:00:58,680 Speaker 1: four percent, No surprise. It was a target bought out 16 00:00:58,680 --> 00:01:01,360 Speaker 1: by danaher A Green to buy the medical equipment firm 17 00:01:01,680 --> 00:01:03,840 Speaker 1: for one hundred and eighty dollars is share. That's a 18 00:01:03,920 --> 00:01:08,040 Speaker 1: forty percent premium over Friday's close, a total enterprise value 19 00:01:08,200 --> 00:01:11,800 Speaker 1: of about nine point nine billion dollars, allowing Danaher to 20 00:01:11,920 --> 00:01:14,640 Speaker 1: gain a foothold in the medical supply business. So some 21 00:01:14,800 --> 00:01:18,640 Speaker 1: m and a Tuesday action happening, and then Trip Advisor 22 00:01:18,720 --> 00:01:22,520 Speaker 1: let's go on over to there. Up about nine percent 23 00:01:22,520 --> 00:01:25,840 Speaker 1: in today's session. This is after Starboard Value delivered a 24 00:01:26,000 --> 00:01:30,480 Speaker 1: letter to Trip Advisors leadership highlighting prolonged under performance and 25 00:01:30,520 --> 00:01:33,800 Speaker 1: announced plans to nominate a majority slate of director candidates 26 00:01:34,000 --> 00:01:36,640 Speaker 1: for the twenty twenty sixth annual meeting, keeping mine Trip 27 00:01:36,640 --> 00:01:38,720 Speaker 1: Advisors down almost thirty percent year to date. 28 00:01:38,840 --> 00:01:39,920 Speaker 3: I do want to take a look at some of 29 00:01:39,959 --> 00:01:42,560 Speaker 3: the stocks that were on the decline today. I want 30 00:01:42,560 --> 00:01:44,160 Speaker 3: to start with the worst performer in the S and 31 00:01:44,200 --> 00:01:46,160 Speaker 3: P five hundred. This is the owner of NAPA Auto 32 00:01:46,200 --> 00:01:50,440 Speaker 3: Parts Genuine Parts Company GPC. Shares felt today by more 33 00:01:50,440 --> 00:01:52,600 Speaker 3: than fourteen and a half percent. This after the company 34 00:01:52,640 --> 00:01:57,440 Speaker 3: announced fourth quarter earnings that fell short. Net sales also 35 00:01:57,480 --> 00:01:59,600 Speaker 3: came in below expectations. The company that was going to 36 00:01:59,640 --> 00:02:02,840 Speaker 3: split into two public companies following your review of options 37 00:02:02,840 --> 00:02:06,400 Speaker 3: for its automotive and industrial business lines. The split comes 38 00:02:06,480 --> 00:02:08,960 Speaker 3: during a volatile stretch for the automotive business. It's grappling 39 00:02:09,000 --> 00:02:13,520 Speaker 3: with higher prices, higher cost, economic uncertainty, and affordability challenges 40 00:02:13,760 --> 00:02:18,040 Speaker 3: for consumers. Also speaking to change your oil, Tim, sorry, 41 00:02:18,040 --> 00:02:19,639 Speaker 3: can you know how to change the oil in your car? 42 00:02:19,800 --> 00:02:21,440 Speaker 3: I know how to take it somewhere to be changed 43 00:02:22,160 --> 00:02:24,639 Speaker 3: from me. Here's the deal. Here's the real thing. Nobody 44 00:02:24,720 --> 00:02:26,480 Speaker 3: changes their oil anymore because what do you do with 45 00:02:26,520 --> 00:02:31,960 Speaker 3: the oil? That's the old No, sorry, mister endironmental. That's 46 00:02:32,240 --> 00:02:34,520 Speaker 3: that's why I want to burst for bubble. But that's 47 00:02:34,560 --> 00:02:37,000 Speaker 3: what people used to do. Yeah, and it wasn't good. 48 00:02:37,520 --> 00:02:39,519 Speaker 3: But that's that's the real reason why it's so hard 49 00:02:39,520 --> 00:02:40,200 Speaker 3: to change your oil. 50 00:02:40,200 --> 00:02:41,440 Speaker 2: Well, what do you do with the oil? 51 00:02:41,480 --> 00:02:41,639 Speaker 1: Tim? 52 00:02:41,880 --> 00:02:44,040 Speaker 3: You're supposed to take it somewhere to recycle it. And 53 00:02:44,080 --> 00:02:45,919 Speaker 3: by the time you do that, you might as well 54 00:02:45,960 --> 00:02:48,120 Speaker 3: just take your car somewhere to have the oil change for. 55 00:02:48,040 --> 00:02:49,440 Speaker 2: You, like the sewer you know. 56 00:02:49,639 --> 00:02:52,960 Speaker 3: Oh okay, you guys are killing me. A couple more 57 00:02:53,000 --> 00:02:55,680 Speaker 3: decliners here. Also a worse performer in the S and 58 00:02:55,680 --> 00:02:58,280 Speaker 3: P five hundred today was General Mills. The company lowered 59 00:02:58,280 --> 00:03:01,799 Speaker 3: its fiscal twenty twenty six outlook, citing a more challenging 60 00:03:01,840 --> 00:03:05,920 Speaker 3: consumer environment. The company said weak consumer sentiment, heightened uncertainty 61 00:03:05,919 --> 00:03:09,160 Speaker 3: and significant volatility of weight on category growth and affected 62 00:03:09,400 --> 00:03:13,120 Speaker 3: consumer purchase platforms. This is the parent company of cereals 63 00:03:13,160 --> 00:03:17,120 Speaker 3: such as Cheerios. Down seven percent on the day today. 64 00:03:17,480 --> 00:03:21,440 Speaker 3: And finally, Danaher Carol had the news with this company 65 00:03:21,440 --> 00:03:24,120 Speaker 3: agreed to buy Massimocorp and a deal with an enterprise 66 00:03:24,200 --> 00:03:27,840 Speaker 3: value about nine point nine billion dollars. Massamo shares have 67 00:03:27,880 --> 00:03:30,919 Speaker 3: moved higher. Danaher fell today by just about two point 68 00:03:30,960 --> 00:03:31,440 Speaker 3: nine percent. 69 00:03:32,840 --> 00:03:36,840 Speaker 2: This stock Moover's report from Bloomberg Radio. Check back with 70 00:03:36,920 --> 00:03:39,520 Speaker 2: us throughout the day for the latest roundup of companies 71 00:03:39,560 --> 00:03:42,680 Speaker 2: making news on Wall Street and for the latest market 72 00:03:42,720 --> 00:03:47,200 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:03:47,280 --> 00:03:50,760 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:03:50,840 --> 00:03:52,320 Speaker 2: the Bloomberg Business app.