WEBVTT - Paramount Skydance Soars, Amazon Gains, Cava Plunges

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Jim Stenebeck along with Carol Master. Let's take a

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<v Speaker 1>look at some stocks on the move today with US

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<v Speaker 1>as Bloomberg News Cross Asset reporter denets us to COVA.

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<v Speaker 1>It's a new ticker, but one we better get used to.

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<v Speaker 1>Preparamount sky Dance strong start.

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<v Speaker 3>The ticker is PSKY shares claimed as much as sixty

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<v Speaker 3>percent today. Now they're of about thirty eight percent. Yesterday

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<v Speaker 3>we had another strong day. It's incredible. Thanks for moving

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<v Speaker 3>very fast. The merger was approved on July twenty fifth.

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<v Speaker 3>The combined company started trading on August eighth, and they

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<v Speaker 3>already have a blogbuster deal of eight billion. About the

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<v Speaker 3>UFC fights, we're seeing some optimism there. Ever, Core is

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<v Speaker 3>saying this is allowed message to hold you sports leagues.

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<v Speaker 3>Wall Street that said, of course this is happening in

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<v Speaker 3>the climate of memesstock frenzy and getting We're getting a

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<v Speaker 3>little bit of that right. This stock has high short interest.

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<v Speaker 3>There were a lot of names like open door Call

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<v Speaker 3>really soaring, and I think it's a little bit of that. Clearly,

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<v Speaker 3>Memstock frenzy is not gone, and those numbers sixty percent,

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<v Speaker 3>you know, clearly it's hinting to that. But nevertheless, a

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<v Speaker 3>very strong day for Paramoun sky Dance.

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<v Speaker 4>All right, strong day two for Amazon, not as strong

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<v Speaker 4>as Paramount sky Dance, but nonetheless we're seeing shares of

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<v Speaker 4>Amazon hired today.

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<v Speaker 3>Yes, a little bit over one percent. The ticker, of

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<v Speaker 3>course is a m Z and the company plants so

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<v Speaker 3>for same day grocery deliveries to more than two thousand

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<v Speaker 3>cities by.

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<v Speaker 2>The end of the year.

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<v Speaker 3>This is pretty much doubling the current number at a

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<v Speaker 3>very fast pace. The Amazon reaction is interesting, but the

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<v Speaker 3>competitors reaction was more even more interesting. Instacart, Kroger, Walmart,

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<v Speaker 3>Doortach all down on the news. Obviously, that's a one

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<v Speaker 3>one trillion door market and currently only twenty percent of

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<v Speaker 3>it is online. The revally, it's interesting service. It's going

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<v Speaker 3>to be free under twenty five doors, and then you

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<v Speaker 3>have to pay three doors fee if you don't reach that,

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<v Speaker 3>which probably is kind of affordable. They of course have

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<v Speaker 3>whole foods as well, so they have a big part

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<v Speaker 3>of this market. But it's an interesting reaction so far

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<v Speaker 3>in the competitors.

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<v Speaker 4>All right, and just get about thirty seconds leftter Cava, Kava.

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<v Speaker 4>Pretty rough day for cave Fel as much as twenty

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<v Speaker 4>two percent. Now it's down sixteen percent Tickery c Ava.

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<v Speaker 4>A lot of pressure for those companies Sweet Green.

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<v Speaker 3>That set if we look at the price target since

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<v Speaker 3>the IPO, the companies has could ripplet but has had

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<v Speaker 3>a really rough start of the year. The main thing,

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<v Speaker 3>of course, is the company streamed its annual sales guidance

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<v Speaker 3>and establish locations will span at six percent the previously

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<v Speaker 3>set eight.

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<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

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