WEBVTT - Stock Movers: Arm Surges, Driven Brands Rises, Navan Strong Earnings

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

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

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

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<v Speaker 3>I'm Carol Masser along with Tim Statvik. Let's get to

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<v Speaker 3>some stocks on the move today. Joining us once again

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<v Speaker 3>is Carmen Ryanicky. She's here in studio. Take it away.

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<v Speaker 3>Where do you want to begin?

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<v Speaker 4>Yeah, let's start with ARM Holdings. This is ticker AARM.

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<v Speaker 4>Really just interesting in tra day. So this stock closed

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<v Speaker 4>up sixteen percent today. This was the best since April ninth,

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<v Speaker 4>so nearly a year here. Basically, we just had some

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<v Speaker 4>news that the company announced plans to sell its own

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<v Speaker 4>ships for first time, which is a pretty major shift

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<v Speaker 4>for them. And this is forecast to generate about fifteen

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<v Speaker 4>billion annually within five years. So great day for ARM.

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<v Speaker 4>Is the ticker there, Armholdings. But let's move on to

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<v Speaker 4>some after hours Yeah all right, all right, so Driven Brands.

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<v Speaker 4>This is take her d r V and so this

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<v Speaker 4>is up just a little bit in after hours here,

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<v Speaker 4>I'm going to see about one point five percent. So

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<v Speaker 4>there was an activist, So there was a report from

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<v Speaker 4>the journal that an activist ADW is encouraging this company,

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<v Speaker 4>which is an automotive services firm, to explore a sale

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<v Speaker 4>or breakup. Shares are down about fourteen percent this year

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<v Speaker 4>through today's close, but analysts Wall Street firms covering the

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<v Speaker 4>stock have seven by ratings, five holds, no cells, interesting

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<v Speaker 4>driven brands.

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<v Speaker 3>Yeah, all right, and then let's go to to go fly.

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<v Speaker 1>Fly somewhere with the help of Navan.

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<v Speaker 4>Yes, Navan, So I actually wasn't sure how to say

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<v Speaker 4>this one only reading it. So Navon I'm hoping that's correct.

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<v Speaker 1>Don't take my word for on this day.

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<v Speaker 3>This is everything he touches right now.

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<v Speaker 4>Yeah, I need I need the accent.

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<v Speaker 2>It's going a little crazy.

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<v Speaker 3>Go ahead, tell us which.

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<v Speaker 4>Shares her up twenty twenty percent post market trading. So

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<v Speaker 4>they had earnings. They reported earnings and revenue the fourth

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<v Speaker 4>quarter that beat the average analyst estimate. So the company

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<v Speaker 4>went public in October. Shares are actually down sixty percent

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<v Speaker 4>since then. This is definitely a good little after hours

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<v Speaker 4>bump here for navon Ai platform business travel.

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<v Speaker 1>Yeah, we had a great chat a few weeks ago

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<v Speaker 1>with Ariol Cohen, the company's co founder and CEO, and

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<v Speaker 1>the ideas you provide an incentive to us if we

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<v Speaker 1>use it as a booking platform to book sort of

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<v Speaker 1>the care expensive areas.

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<v Speaker 3>Yeah, got it.

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<v Speaker 1>It's really cool. So they got some big clients.

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<v Speaker 3>Thanks for coming by.

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<v Speaker 4>Thank you.

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<v Speaker 1>I'm Ronicky.

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<v Speaker 3>Yeah. With our stock a lot going on your object

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<v Speaker 3>at our Stockmovers podcast. You can find it on Apple, Spotify,

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<v Speaker 4>Mm hmm