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.
Speaker 1: I'm Carol Master along with Tim Stanevik. Let's take look
Speaker 1: at some stocks on the move today. With US is
Speaker 1: Bloomberg News Equities reporter Avalon Pernell, and we've got to
Speaker 1: start with the stock that we cannot stop talking about.
Speaker 1: And it's only been trading for what now three days, yes,
Speaker 1: not even three full days exactly.
Speaker 3: I mean that's SpaceX ticker SPCX, currently up about eight
Speaker 3: point four percent, which again that's for as you said,
Speaker 3: it's a third straight day after its record seventy five
Speaker 3: billion dollar IPO, and worth noting that the gains are
Speaker 3: putting the stock on track to overtake Amazon in value
Speaker 3: and also briefly made it the world's fourth largest stock,
Speaker 3: ahead of Microsoft. That being said, part of this is
Speaker 3: because of retail traders, which have been a key driver
Speaker 3: of the hot start, buying as much space X stock
Speaker 3: over its first two days of trading as a purchased
Speaker 3: across the entire US stock market. Also worth noting that
Speaker 3: options trading for the rocket stock began today and has
Speaker 3: already drawn record volume.
Speaker 4: Hard to find prominent bears on this, Like, there's some
Speaker 4: people who argue with the valuation. We had featured Scarlett
Speaker 4: and Tom's interview with Jim Chanos last week on Blueberg
Speaker 4: Money Noon on Fridays. But yeah, a lot of people
Speaker 4: we speak to Carol there all in on this.
Speaker 1: Yeah, totally, And we should point out it actually has
Speaker 1: overtaken Amazon's market cap, which is kind of interesting, but
Speaker 1: we're waiting to see it's kind of getting newer to
Speaker 1: Microsoft's market cap, so it's just kind of wild. The
Speaker 1: superlatives continue again. It's already the story of the year.
Speaker 1: I think I can just put that out there, or
Speaker 1: one of the main stories of this year. All right,
Speaker 1: let's slip on over to Netflix.
Speaker 3: Yes, Netflix, that's ticker and flx currently slipping about three
Speaker 3: point nine percent to hit its lowest interday level since February,
Speaker 3: and that's after Semaphore reports that the streaming giant lost
Speaker 3: out to Fox and its pursuit of Roku Worth noting
Speaker 3: that the report also says that Netflix is one of
Speaker 3: the number of companies interested in buying Lionsgate. But this
Speaker 3: isn't the first time that they have lost out on
Speaker 3: a bidding war, to say the least.
Speaker 1: Wait, what Netflix was in a bidding war?
Speaker 2: Oh?
Speaker 1: I didn't know that. No, it's interesting though. It does
Speaker 1: sound like they're on the move and they want to
Speaker 1: add something certainly to their business.
Speaker 4: Okay, So I just want to remind everybody almost twenty
Speaker 4: years ago Roku was actually created inside Netflix.
Speaker 1: So how wild is that with.
Speaker 4: Anthony Wood who is still the founder or chairman CEO
Speaker 4: of Roku. So things have kind of gone for a
Speaker 4: full circle. Although now he's going to Fox exact sly
Speaker 4: part of management there.
Speaker 1: Oh my goodness. All right, let's talk about Madurina. I
Speaker 1: just think about during the pandemic. This was an all
Speaker 1: star for a serious reason, of course, but it's had
Speaker 1: its ups and downs. But it's been on a tear
Speaker 1: this year.
Speaker 3: It sure is. I mean currently that's ticker mRNA. It
Speaker 3: is of about nine percent today most inter day since
Speaker 3: May eighth, and that's after the FDA released briefing documents
Speaker 3: on its vaccine, its flu Shot, ahead of a crucial
Speaker 3: advisory committee meeting coming up this Thursday. Jeffrey's writing that
Speaker 3: the documents do read very favorably for the vaccine and
Speaker 3: potentially could mean that it could get approval, which would
Speaker 3: obviously be great news for Maderna.
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 YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.