1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:21,400 Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik, and Katie Greifel. 5 00:00:22,560 --> 00:00:25,360 Speaker 3: I'm going to go to some of the outperformer sand discs, 6 00:00:25,360 --> 00:00:29,000 Speaker 3: certainly on that list. I believe it's the top gainer 7 00:00:29,040 --> 00:00:31,080 Speaker 3: in the S and P five hundred today. I mean, 8 00:00:31,080 --> 00:00:33,519 Speaker 3: this one just continues to be on a tear and 9 00:00:33,560 --> 00:00:36,640 Speaker 3: you can see in today's session this one up another 10 00:00:36,760 --> 00:00:41,400 Speaker 3: fifteen percent in today's session. Company is up about oh 11 00:00:41,440 --> 00:00:43,320 Speaker 3: more than one hundred and eighty percent year at a date. 12 00:00:43,600 --> 00:00:47,279 Speaker 3: That's and it's up about seventeen hundred percent since it 13 00:00:47,360 --> 00:00:50,480 Speaker 3: was spun off last February. It was spun off, of course, 14 00:00:50,479 --> 00:00:53,040 Speaker 3: from Western Digital. What's interesting is you continue to see 15 00:00:53,040 --> 00:00:55,680 Speaker 3: analysts coming out and they have been upping their price 16 00:00:55,720 --> 00:00:59,000 Speaker 3: targets on the company. Since it reported earnings on January 17 00:00:59,080 --> 00:01:01,760 Speaker 3: twenty ninth, teen analysts have raised price targets by an 18 00:01:01,760 --> 00:01:05,559 Speaker 3: average of eighty six percent. No analysts have cut price 19 00:01:05,640 --> 00:01:09,920 Speaker 3: targets on the company, and we did see the twelve 20 00:01:09,959 --> 00:01:12,759 Speaker 3: month price target is about six hundred and seventy five 21 00:01:13,280 --> 00:01:15,800 Speaker 3: fifty eight versus about four hundred and eighty one pre earning, 22 00:01:15,920 --> 00:01:18,479 Speaker 3: So just a little bit of a context there. Let's 23 00:01:18,480 --> 00:01:21,400 Speaker 3: go to Western Digital, also an outperformer in today's session. 24 00:01:21,400 --> 00:01:23,119 Speaker 3: I think this may have been the number two gainer 25 00:01:23,480 --> 00:01:25,720 Speaker 3: in the S and P five hundred, number three forgive me, 26 00:01:26,240 --> 00:01:28,679 Speaker 3: and that one is up about almost eight percent in 27 00:01:28,680 --> 00:01:31,959 Speaker 3: today's session. This is another one different in terms of 28 00:01:32,000 --> 00:01:35,280 Speaker 3: the product offering for sand discs, but they both have 29 00:01:35,360 --> 00:01:38,679 Speaker 3: an AI story connected to them. And this one's up 30 00:01:38,720 --> 00:01:41,880 Speaker 3: about sixty percent year to date and up about almost 31 00:01:41,920 --> 00:01:44,800 Speaker 3: three hundred percent in twenty twenty five. But again it 32 00:01:44,840 --> 00:01:46,680 Speaker 3: has to do with analysts raising their price targets. I'm 33 00:01:46,680 --> 00:01:48,600 Speaker 3: going to go back to just one other gainers. It's 34 00:01:48,680 --> 00:01:53,160 Speaker 3: not a household name, Peakstone real Ty ticker's PKST. This 35 00:01:53,200 --> 00:01:55,800 Speaker 3: one up thirty three percent, so pretty much finishing at 36 00:01:55,840 --> 00:01:59,080 Speaker 3: its highs of the session. Share surging after the Canadian 37 00:01:59,120 --> 00:02:02,000 Speaker 3: private equity firm Brookfield Asset Management said it will buy 38 00:02:02,040 --> 00:02:05,400 Speaker 3: the Industrial Rate for twenty one dollars per year. It's 39 00:02:05,400 --> 00:02:08,880 Speaker 3: an all cash transaction valued at about one point two billions, 40 00:02:08,880 --> 00:02:11,560 Speaker 3: so that represented a thirty four percent premium to Peaks 41 00:02:11,600 --> 00:02:14,440 Speaker 3: Joe's closing price on January thirtieth, so kind of moving 42 00:02:14,520 --> 00:02:17,519 Speaker 3: up representing that premium. So that was definitely an outperformer. 43 00:02:17,639 --> 00:02:20,240 Speaker 1: Okay, well, as we await earnings from Pallentier, let's get 44 00:02:20,240 --> 00:02:22,880 Speaker 1: back to Elon Musk's empire, and that would include Tesla 45 00:02:23,000 --> 00:02:25,280 Speaker 1: being one of the main decliners in the S and 46 00:02:25,280 --> 00:02:29,480 Speaker 1: P five hundred today European sales. That slump carried into 47 00:02:29,760 --> 00:02:33,720 Speaker 1: this year. Registrations of new vehicles plummeted in two of 48 00:02:33,760 --> 00:02:37,800 Speaker 1: the region's leading markets for battery evs. Tesla French sales 49 00:02:37,840 --> 00:02:40,160 Speaker 1: fell forty two percent in January. Just six hundred and 50 00:02:40,160 --> 00:02:43,680 Speaker 1: sixty one cars were sold. Norway registrations plunk eighty eight 51 00:02:43,720 --> 00:02:47,760 Speaker 1: percent in January. This is nothing new, as people have 52 00:02:47,840 --> 00:02:49,880 Speaker 1: pushed back against Elon Musk around the world. 53 00:02:51,280 --> 00:02:55,320 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 54 00:02:55,400 --> 00:02:57,959 Speaker 2: us throughout the day for the latest roundup of companies 55 00:02:58,040 --> 00:03:02,040 Speaker 2: making news on Wall Street. For the latest market moving headlines, 56 00:03:02,240 --> 00:03:06,240 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 57 00:03:06,280 --> 00:03:09,360 Speaker 2: dot com, and on Applecarplay and Android Auto with the 58 00:03:09,400 --> 00:03:10,760 Speaker 2: Bloomberg Business app.