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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 3: Bloomberg News Equities reporter Nora Melinda with Tuesday stock Movers.

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Speaker 3: Let's start with the name that definitely saw some selling today.

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Speaker 4: Yes, I'm looking at KB Homes, so I cover real

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Speaker 4: estate stocks and this one has been on my eye today.

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Speaker 4: We saw KB Home shares fall five point two percent. Now,

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Speaker 4: this is a home builder and they target first time

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Speaker 4: home buyers as well as first time move up buyers.

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Speaker 4: So those are people that are wanting to move out

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Speaker 4: of their home into a new one, but it's their

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Speaker 4: first time doing so. Now, this company reported sales that

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Speaker 4: missed expectations. They fell short of their goals, and Wall

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Speaker 4: Street punished them as well as a lot of their peers.

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Speaker 4: After that news. It also slashed its revenue guide and

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Speaker 4: start staying at home builders are continuing to feel the

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Speaker 4: pinch when it comes to the affordability concerns, and so

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Speaker 4: we have investors that are really worried that mortgage rates

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Speaker 4: are still remaining way too high to spurred demand.

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Speaker 1: I'm a little annoyed because I missed this one, okay,

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Speaker 1: and I should have done this as a decliner, really

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Speaker 1: good one.

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Speaker 3: It's such a great read on the economy right this

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Speaker 3: most definitely who have been having a tough time because

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Speaker 3: mortgage rates are high, but it's just showing it continues,

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Speaker 3: and we know how important the housing market is to

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Speaker 3: the overall US economy. You know, you buy a house,

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Speaker 3: you feel it with stuff, right exactly.

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Speaker 4: I'm also keeping an eye on Trump Media and Technology.

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Speaker 4: That's take her DJT to not go down.

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Speaker 3: Actually went up.

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Speaker 4: We have a green here on the screen. Shares were

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Speaker 4: up more than nine or almost nine percent. Now, this

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Speaker 4: is after news that the company is partnering with a

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Speaker 4: Singapore based company, Crypto dot Com, to offer quote unquote

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Speaker 4: made in America investments that will also include ETFs. One

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Speaker 4: interesting thing to note about Crypto dot com is that

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Speaker 4: they've actually been dealing previously with illegal battle with US

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Speaker 4: regulators last year, but they dropped their complaint after President

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Speaker 4: Trump's November victory. So this is just an interesting story here.

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Speaker 4: But we did see uh, Trump Media shares getting a

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Speaker 4: pop off of this News.

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Speaker 1: Which I didn't know they were based in. I didn't

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Speaker 1: know they were based in Singapore.

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Speaker 4: Right, it's very interesting.

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Speaker 1: Don't forget about the Crypto dot com arena in Los Angeles?

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Speaker 1: This is true. Have you been I have not been

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Speaker 1: to the Crypto dot com? Was it the Staples Center before?

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Speaker 2: Sounds about right.

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Speaker 1: I've been to the Staples Center, but yeah, never the

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Speaker 1: crypto dot com or not the rebranded? Not the rebranded.

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Speaker 3: So this means the President's going to be offering up ETFs.

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Speaker 1: I don't know about the president's personal involvement, right, but

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Speaker 1: it's his company. It is his company, but shares there.

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Speaker 1: Devinz runs the company. Yes, he owns a bunch of shares.

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Speaker 1: I saw people pointing out that typically presidents put their

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Speaker 1: assets in blind trusts. Okay, but that hasn't been the

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Speaker 1: case with President Trump.

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Speaker 3: That was one of my gainers too. I actually caught

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Speaker 3: my attention as well. Okay, always interesting. You already have

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Speaker 3: all right, so two names that are fairly well known

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Speaker 3: to the Bloomberg audiences, But you have a name that

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Speaker 3: I don't know that we talk about all the time.

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Speaker 3: But yeah, did it move in a big way?

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Speaker 4: I know, I'm looking at Cassava Sciences. Let's take our Sava. Now,

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Speaker 4: this is a small biotech company. We saw shares of

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Speaker 4: the company that plunged more than thirty percent at the close.

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Speaker 4: That was the lowest level since twenty nineteen. And this

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Speaker 4: is coming after the drug developer said that it's going

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Speaker 4: to discontinue its Alzheimer program by the end of the

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Speaker 4: second quarter. And this followed a late stage trial failure.

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Speaker 4: And of course investors are really when it comes to biotech,

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Speaker 4: they're looking to see that they're able to cross these

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Speaker 4: hurdles and get over them. But of course this isn't

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Speaker 4: great news for Cassava, especially as we think about them

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Speaker 4: discontinuing this Alzheimer program. The name I was familiar with either.

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Speaker 2: No, No.

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Speaker 3: Twenty eight percent of the float is shorted, so investors

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Speaker 3: have been pretty negative on this one. But yeah, these

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Speaker 3: biotech com I mean it's borge a small it's a microcap, right,

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Speaker 3: I mean ninety one ninety two million dollars, I'd say so,

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Speaker 3: maybe it was a little bit more before today's dropping.

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Speaker 3: It's a dollar ninety a share.

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Speaker 1: Seeing who owns it?

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Speaker 3: Who owns it?

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Speaker 1: Just the the passive indexas so Black Rock and Vanguard

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Speaker 1: are the biggest shareholders in it. Just seeing if there are.

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Speaker 3: Any lost ninety percent last year.

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Speaker 1: Yeah, okay, but it's.

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Speaker 3: Interesting, like these are ones that you know, I mean,

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Speaker 3: talk about a big mover in today's session.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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