Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Masser along with Tim Statvik. Let's get to
Speaker 3: some stocks on the move today. Joining us once again
Speaker 3: is Carmen Ryanicky. She's here in studio. Take it away.
Speaker 3: Where do you want to begin?
Speaker 4: Yeah, let's start with ARM Holdings. This is ticker AARM.
Speaker 4: Really just interesting in tra day. So this stock closed
Speaker 4: up sixteen percent today. This was the best since April ninth,
Speaker 4: so nearly a year here. Basically, we just had some
Speaker 4: news that the company announced plans to sell its own
Speaker 4: ships for first time, which is a pretty major shift
Speaker 4: for them. And this is forecast to generate about fifteen
Speaker 4: billion annually within five years. So great day for ARM.
Speaker 4: Is the ticker there, Armholdings. But let's move on to
Speaker 4: some after hours Yeah all right, all right, so Driven Brands.
Speaker 4: This is take her d r V and so this
Speaker 4: is up just a little bit in after hours here,
Speaker 4: I'm going to see about one point five percent. So
Speaker 4: there was an activist, So there was a report from
Speaker 4: the journal that an activist ADW is encouraging this company,
Speaker 4: which is an automotive services firm, to explore a sale
Speaker 4: or breakup. Shares are down about fourteen percent this year
Speaker 4: through today's close, but analysts Wall Street firms covering the
Speaker 4: stock have seven by ratings, five holds, no cells, interesting
Speaker 4: driven brands.
Speaker 3: Yeah, all right, and then let's go to to go fly.
Speaker 1: Fly somewhere with the help of Navan.
Speaker 4: Yes, Navan, So I actually wasn't sure how to say
Speaker 4: this one only reading it. So Navon I'm hoping that's correct.
Speaker 1: Don't take my word for on this day.
Speaker 3: This is everything he touches right now.
Speaker 4: Yeah, I need I need the accent.
Speaker 2: It's going a little crazy.
Speaker 3: Go ahead, tell us which.
Speaker 4: Shares her up twenty twenty percent post market trading. So
Speaker 4: they had earnings. They reported earnings and revenue the fourth
Speaker 4: quarter that beat the average analyst estimate. So the company
Speaker 4: went public in October. Shares are actually down sixty percent
Speaker 4: since then. This is definitely a good little after hours
Speaker 4: bump here for navon Ai platform business travel.
Speaker 1: Yeah, we had a great chat a few weeks ago
Speaker 1: with Ariol Cohen, the company's co founder and CEO, and
Speaker 1: the ideas you provide an incentive to us if we
Speaker 1: use it as a booking platform to book sort of
Speaker 1: the care expensive areas.
Speaker 3: Yeah, got it.
Speaker 1: It's really cool. So they got some big clients.
Speaker 3: Thanks for coming by.
Speaker 4: Thank you.
Speaker 1: I'm Ronicky.
Speaker 3: Yeah. With our stock a lot going on your object
Speaker 3: at our Stockmovers podcast. You can find it on Apple, Spotify,
Speaker 3: anywhere you get your podcasts.
Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us
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Speaker 4: Mm hmm