WEBVTT - SpaceX Rallies Third Straight Day, Netflix Falls, Moderna Rises

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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 Carol Master along with Tim Stanevik. Let's take look

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<v Speaker 1>at some stocks on the move today. With US is

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<v Speaker 1>Bloomberg News Equities reporter Avalon Pernell, and we've got to

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<v Speaker 1>start with the stock that we cannot stop talking about.

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<v Speaker 1>And it's only been trading for what now three days, yes,

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<v Speaker 1>not even three full days exactly.

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<v Speaker 3>I mean that's SpaceX ticker SPCX, currently up about eight

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<v Speaker 3>point four percent, which again that's for as you said,

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<v Speaker 3>it's a third straight day after its record seventy five

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<v Speaker 3>billion dollar IPO, and worth noting that the gains are

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<v Speaker 3>putting the stock on track to overtake Amazon in value

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<v Speaker 3>and also briefly made it the world's fourth largest stock,

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<v Speaker 3>ahead of Microsoft. That being said, part of this is

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<v Speaker 3>because of retail traders, which have been a key driver

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<v Speaker 3>of the hot start, buying as much space X stock

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<v Speaker 3>over its first two days of trading as a purchased

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<v Speaker 3>across the entire US stock market. Also worth noting that

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<v Speaker 3>options trading for the rocket stock began today and has

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<v Speaker 3>already drawn record volume.

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<v Speaker 4>Hard to find prominent bears on this, Like, there's some

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<v Speaker 4>people who argue with the valuation. We had featured Scarlett

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<v Speaker 4>and Tom's interview with Jim Chanos last week on Blueberg

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<v Speaker 4>Money Noon on Fridays. But yeah, a lot of people

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<v Speaker 4>we speak to Carol there all in on this.

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<v Speaker 1>Yeah, totally, And we should point out it actually has

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<v Speaker 1>overtaken Amazon's market cap, which is kind of interesting, but

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<v Speaker 1>we're waiting to see it's kind of getting newer to

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<v Speaker 1>Microsoft's market cap, so it's just kind of wild. The

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<v Speaker 1>superlatives continue again. It's already the story of the year.

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<v Speaker 1>I think I can just put that out there, or

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<v Speaker 1>one of the main stories of this year. All right,

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<v Speaker 1>let's slip on over to Netflix.

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<v Speaker 3>Yes, Netflix, that's ticker and flx currently slipping about three

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<v Speaker 3>point nine percent to hit its lowest interday level since February,

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<v Speaker 3>and that's after Semaphore reports that the streaming giant lost

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<v Speaker 3>out to Fox and its pursuit of Roku Worth noting

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<v Speaker 3>that the report also says that Netflix is one of

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<v Speaker 3>the number of companies interested in buying Lionsgate. But this

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<v Speaker 3>isn't the first time that they have lost out on

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<v Speaker 3>a bidding war, to say the least.

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<v Speaker 1>Wait, what Netflix was in a bidding war?

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<v Speaker 2>Oh?

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<v Speaker 1>I didn't know that. No, it's interesting though. It does

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<v Speaker 1>sound like they're on the move and they want to

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<v Speaker 1>add something certainly to their business.

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<v Speaker 4>Okay, So I just want to remind everybody almost twenty

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<v Speaker 4>years ago Roku was actually created inside Netflix.

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<v Speaker 1>So how wild is that with.

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<v Speaker 4>Anthony Wood who is still the founder or chairman CEO

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<v Speaker 4>of Roku. So things have kind of gone for a

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<v Speaker 4>full circle. Although now he's going to Fox exact sly

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<v Speaker 4>part of management there.

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<v Speaker 1>Oh my goodness. All right, let's talk about Madurina. I

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<v Speaker 1>just think about during the pandemic. This was an all

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<v Speaker 1>star for a serious reason, of course, but it's had

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<v Speaker 1>its ups and downs. But it's been on a tear

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<v Speaker 1>this year.

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<v Speaker 3>It sure is. I mean currently that's ticker mRNA. It

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<v Speaker 3>is of about nine percent today most inter day since

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<v Speaker 3>May eighth, and that's after the FDA released briefing documents

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<v Speaker 3>on its vaccine, its flu Shot, ahead of a crucial

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<v Speaker 3>advisory committee meeting coming up this Thursday. Jeffrey's writing that

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<v Speaker 3>the documents do read very favorably for the vaccine and

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<v Speaker 3>potentially could mean that it could get approval, which would

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<v Speaker 3>obviously be great news for Maderna.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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