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, Let's.
Speaker 1: Take a look at some of the stocks on the
Speaker 1: move today. We can do that with Judyl Group. She's
Speaker 1: Aquae reporter for Bloomberg News. Join us live here in studio, Judy,
Speaker 1: what are you looking at today? Good morning? Have you
Speaker 1: had a Celsius energy drink lately? Absolutely? Not? Okay? I
Speaker 1: also do not consume energy drinks, but Celsius Holdings is
Speaker 1: on our list ticker CELH. The stock is down as
Speaker 1: much as seventeen percent in today's trading. It is on
Speaker 1: track for its biggest drop since November and its lowest
Speaker 1: priced since last March. And this is coming as the
Speaker 1: maker of energy drinks like Celsius Rockstar and they're fast
Speaker 1: growing women focus energy drink called a Lotty. News reports
Speaker 1: there a second quarter revenue and adjusted EPs that came
Speaker 1: in below expectations as competition really hurt this company's sales. So,
Speaker 1: for example, Celsius sales growth was reported at eleven percent,
Speaker 1: but the consensus was at eighteen percent. In addition, Costco
Speaker 1: who was once a big retailer of Celsius energy drinks,
Speaker 1: came up with their own line of energy drinks, which
Speaker 1: the CEO noted on the earnings call put pressure on
Speaker 1: Celsius's sales. GP Morgan analysts wrote also that quote voluntility
Speaker 1: and often disappointment between the retail performance and the company's
Speaker 1: P and L remains frustrating and difficult to forecast. So
Speaker 1: bad day for Celsius, all right, Keeping an eye on
Speaker 1: Celsius going forward and all the other companies that sell
Speaker 1: those energy drinks. Next up on your list. Soundownd Ai,
Speaker 1: the speech recognition software companies, shares are soaring today as
Speaker 1: much as twenty seven percent, and it is on track
Speaker 1: for its highest jump percentage wise in about a year.
Speaker 1: The company shares, however, are down about twenty three percent
Speaker 1: year to date, and this is coming after the software
Speaker 1: company reported better than expected second quarter revenue and raised
Speaker 1: its full year revenue guidance above Wall Street estimates. And
Speaker 1: the rally might have been fueled by some short interest.
Speaker 1: So what we are seeing on the terminal is that
Speaker 1: about forty three percent of Soundhound's public float, or about
Speaker 1: one hundred and seventy million shares have been sold short
Speaker 1: and so this sort of movement here we're seeing. Also
Speaker 1: possibly a large number of investors who bet against the
Speaker 1: stock are being forced to cover their positions right now.
Speaker 1: So definitely interesting movement there for Soundtown Dai. All right,
Speaker 1: one more sure, So MetLife today reached a record high
Speaker 1: priced since you know they went public back in two thousand,
Speaker 1: if my records are correctly, Tickert shares our climbing as
Speaker 1: much as the four point nine percent on the day,
Speaker 1: and this is after the company's second quarter earnings that
Speaker 1: were released post market yesterday surpass expectations, boosted by strong
Speaker 1: underwriting volume growth and the success of their own five
Speaker 1: year plan, with Piper Sandler analyst writing that the beat
Speaker 1: was really driven by group benefits and Latin America where
Speaker 1: the companies experiencing strong growth, and Jeffreys and Tdcowan analysts
Speaker 1: also pointed to Asia growth as impacting their earning speed
Speaker 1: as well.
Speaker 2: The 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 and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on
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