Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Stenebeck along with Carol Master. Let's take a
Speaker 1: look at some stocks on the move today with US
Speaker 1: as Bloomberg News Cross Asset reporter denets us to COVA.
Speaker 1: It's a new ticker, but one we better get used to.
Speaker 1: Preparamount sky Dance strong start.
Speaker 3: The ticker is PSKY shares claimed as much as sixty
Speaker 3: percent today. Now they're of about thirty eight percent. Yesterday
Speaker 3: we had another strong day. It's incredible. Thanks for moving
Speaker 3: very fast. The merger was approved on July twenty fifth.
Speaker 3: The combined company started trading on August eighth, and they
Speaker 3: already have a blogbuster deal of eight billion. About the
Speaker 3: UFC fights, we're seeing some optimism there. Ever, Core is
Speaker 3: saying this is allowed message to hold you sports leagues.
Speaker 3: Wall Street that said, of course this is happening in
Speaker 3: the climate of memesstock frenzy and getting We're getting a
Speaker 3: little bit of that right. This stock has high short interest.
Speaker 3: There were a lot of names like open door Call
Speaker 3: really soaring, and I think it's a little bit of that. Clearly,
Speaker 3: Memstock frenzy is not gone, and those numbers sixty percent,
Speaker 3: you know, clearly it's hinting to that. But nevertheless, a
Speaker 3: very strong day for Paramoun sky Dance.
Speaker 4: All right, strong day two for Amazon, not as strong
Speaker 4: as Paramount sky Dance, but nonetheless we're seeing shares of
Speaker 4: Amazon hired today.
Speaker 3: Yes, a little bit over one percent. The ticker, of
Speaker 3: course is a m Z and the company plants so
Speaker 3: for same day grocery deliveries to more than two thousand
Speaker 3: cities by.
Speaker 2: The end of the year.
Speaker 3: This is pretty much doubling the current number at a
Speaker 3: very fast pace. The Amazon reaction is interesting, but the
Speaker 3: competitors reaction was more even more interesting. Instacart, Kroger, Walmart,
Speaker 3: Doortach all down on the news. Obviously, that's a one
Speaker 3: one trillion door market and currently only twenty percent of
Speaker 3: it is online. The revally, it's interesting service. It's going
Speaker 3: to be free under twenty five doors, and then you
Speaker 3: have to pay three doors fee if you don't reach that,
Speaker 3: which probably is kind of affordable. They of course have
Speaker 3: whole foods as well, so they have a big part
Speaker 3: of this market. But it's an interesting reaction so far
Speaker 3: in the competitors.
Speaker 4: All right, and just get about thirty seconds leftter Cava, Kava.
Speaker 4: Pretty rough day for cave Fel as much as twenty
Speaker 4: two percent. Now it's down sixteen percent Tickery c Ava.
Speaker 4: A lot of pressure for those companies Sweet Green.
Speaker 3: That set if we look at the price target since
Speaker 3: the IPO, the companies has could ripplet but has had
Speaker 3: a really rough start of the year. The main thing,
Speaker 3: of course, is the company streamed its annual sales guidance
Speaker 3: and establish locations will span at six percent the previously
Speaker 3: set eight.
Speaker 2: The Stock Mover's 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 and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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