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 Jim Centovic along with Carol Master. Let's take a
Speaker 1: look at some stocks on the move today. We're joined
Speaker 1: by Bloomberg Television Markets correspondent Norah Melinda Nora. What did
Speaker 1: you bring?
Speaker 3: Well, let's kick things off with the best performing stock
Speaker 3: in the S and P five hundred, looking at centeen,
Speaker 3: that's ticker CE and C. We know that this is
Speaker 3: a twenty four and a half billion dollar market cap
Speaker 3: company based in Missouri, a health insurance company, and we
Speaker 3: did see that they essentially reported profit that beat a
Speaker 3: Wall Street's estimate. So that's why you're really seeing a
Speaker 3: surge and shares today. The company, of course giving services
Speaker 3: like Medicare Medicaid plans. A lot of those government sponsored
Speaker 3: patients is who they serve, lower income individuals. We're seeing
Speaker 3: the stock is up as much as fifteen percent today,
Speaker 3: on pace for its best day since twenty twenty, back
Speaker 3: in those pandemic days, and the stock has surged about
Speaker 3: twenty one percent so far this year, so clearly on
Speaker 3: a rally.
Speaker 2: All right, let's go to Spotify ticker of course spot.
Speaker 3: Yes, this one down today, down earlier as much as
Speaker 3: fifteen percent, worse day in four years. Of course, we
Speaker 3: know this company based in Sweden. It did report a
Speaker 3: weaker than expected guidance for the second quarter operating income,
Speaker 3: and you really are seeing a lot of investors really
Speaker 3: parsing what this means for the company that we know
Speaker 3: has already been struggling with a tough backdrop big tech competition,
Speaker 3: AI disruption, and focus margin pressure. So you are seeing
Speaker 3: that investors aren't really fully convinced about the company's strategy.
Speaker 3: The stock is down about twenty six percent so far
Speaker 3: this year, and of course today's decline really adding to
Speaker 3: that pressure.
Speaker 1: And finally, Coca Cola.
Speaker 3: Coca Cola ticker KO stock is up earlier, jumping as
Speaker 3: much as six and a half percent for its best
Speaker 3: day since twenty twenty. This is after the company reported
Speaker 3: organic revenue growth of ten percent, which did beat estimates,
Speaker 3: and it also marked its strongest growth in five quarters.
Speaker 3: And we're really seeing that it is offering a range
Speaker 3: of different drink prices and that's what's really picking up
Speaker 3: traction as they're really diversifying their offerings there in terms
Speaker 3: of price point for consumers. But additionally they're seeing strong
Speaker 3: demand for mini cans. Apparently people not really opting for
Speaker 3: that full size where they do like I guess, a
Speaker 3: small drink there.
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,
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