Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: This is the closing bell on the Stock Movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik, and Katie Greifel.
Speaker 3: I'm going to go to some of the outperformer sand discs,
Speaker 3: certainly on that list. I believe it's the top gainer
Speaker 3: in the S and P five hundred today. I mean,
Speaker 3: this one just continues to be on a tear and
Speaker 3: you can see in today's session this one up another
Speaker 3: fifteen percent in today's session. Company is up about oh
Speaker 3: more than one hundred and eighty percent year at a date.
Speaker 3: That's and it's up about seventeen hundred percent since it
Speaker 3: was spun off last February. It was spun off, of course,
Speaker 3: from Western Digital. What's interesting is you continue to see
Speaker 3: analysts coming out and they have been upping their price
Speaker 3: targets on the company. Since it reported earnings on January
Speaker 3: twenty ninth, teen analysts have raised price targets by an
Speaker 3: average of eighty six percent. No analysts have cut price
Speaker 3: targets on the company, and we did see the twelve
Speaker 3: month price target is about six hundred and seventy five
Speaker 3: fifty eight versus about four hundred and eighty one pre earning,
Speaker 3: So just a little bit of a context there. Let's
Speaker 3: go to Western Digital, also an outperformer in today's session.
Speaker 3: I think this may have been the number two gainer
Speaker 3: in the S and P five hundred, number three forgive me,
Speaker 3: and that one is up about almost eight percent in
Speaker 3: today's session. This is another one different in terms of
Speaker 3: the product offering for sand discs, but they both have
Speaker 3: an AI story connected to them. And this one's up
Speaker 3: about sixty percent year to date and up about almost
Speaker 3: three hundred percent in twenty twenty five. But again it
Speaker 3: has to do with analysts raising their price targets. I'm
Speaker 3: going to go back to just one other gainers. It's
Speaker 3: not a household name, Peakstone real Ty ticker's PKST. This
Speaker 3: one up thirty three percent, so pretty much finishing at
Speaker 3: its highs of the session. Share surging after the Canadian
Speaker 3: private equity firm Brookfield Asset Management said it will buy
Speaker 3: the Industrial Rate for twenty one dollars per year. It's
Speaker 3: an all cash transaction valued at about one point two billions,
Speaker 3: so that represented a thirty four percent premium to Peaks
Speaker 3: Joe's closing price on January thirtieth, so kind of moving
Speaker 3: up representing that premium. So that was definitely an outperformer.
Speaker 1: Okay, well, as we await earnings from Pallentier, let's get
Speaker 1: back to Elon Musk's empire, and that would include Tesla
Speaker 1: being one of the main decliners in the S and
Speaker 1: P five hundred today European sales. That slump carried into
Speaker 1: this year. Registrations of new vehicles plummeted in two of
Speaker 1: the region's leading markets for battery evs. Tesla French sales
Speaker 1: fell forty two percent in January. Just six hundred and
Speaker 1: sixty one cars were sold. Norway registrations plunk eighty eight
Speaker 1: percent in January. This is nothing new, as people have
Speaker 1: pushed back against Elon Musk around the world.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street. For the latest market moving headlines,
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