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 3: I'm Tim Stenebek along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move today. Bloomberg Use
Speaker 3: Equities reporter Bailey Lipschultz is in here with us.
Speaker 1: Bailey, what do you have your eyes on?
Speaker 4: We start with stub Hubs, the newest entrant to the
Speaker 4: US equity capital market.
Speaker 3: It's an IPO, so obviously it shot higher, right, no,
Speaker 3: no candidate price.
Speaker 4: Wise, it was on my gainer's list, and then I
Speaker 4: had to get it off because it was on TIMS
Speaker 4: Now then Decliner's. Oh well, it did open up almost
Speaker 4: eight percent, trading under the ticker stub as TOUB, before
Speaker 4: ultimately closing down about just under six and a half
Speaker 4: percent the ticket resaling platform, as we mentioned, raising eight
Speaker 4: hundred million dollars in sipo. That deal price at the
Speaker 4: midpoint of a range, which stands out because we've been
Speaker 4: seeing a lot of tech IPOs pricing above the range
Speaker 4: and upsizing and having these big pops. Was not the
Speaker 4: case with the ticketing platform going to be an interesting
Speaker 4: one to watch, but not really strong.
Speaker 3: I'm only asking this because you cover IPOs, you cover
Speaker 3: the space closely. Is this specific to stub hub because
Speaker 3: we also had some issues with Gemini today falling below
Speaker 3: its IPO price.
Speaker 4: Gemini broke its IPO price closed down I want to
Speaker 4: say percent, don't quote me on that, but we did
Speaker 4: thirteen percent, so even worse. But we did see water Bridge,
Speaker 4: which is the energy space. They also IPO today closed
Speaker 4: up fourteen percent and that deal price quite well.
Speaker 1: So more of a stop hub story links that way.
Speaker 4: It netscope pricing anytime in the next fifteen minutes to
Speaker 4: three hours, so that'll be in the cyberspace, which will
Speaker 4: be another data point. But it is certainly something we're
Speaker 4: talking about. Is there investor fatigue? Are we working our
Speaker 4: way down the list of Class A to Class B assets?
Speaker 4: But again step Hub from the start, at least talking
Speaker 4: to investors in bankers was going to be a bit
Speaker 4: more difficult or interesting if you will.
Speaker 1: Okay, workday also on your radar. Work down the radar.
Speaker 4: One of the best gays in quite some time so
Speaker 4: far this year, best day since April. Ticker wday second
Speaker 4: best performer in the S and P five hundred. Kind
Speaker 4: of a range of news, so they had a strong
Speaker 4: investor day. They also had activist investor Elliott unveil a
Speaker 4: two billion dollar plus investment and kind of applaud the
Speaker 4: company again did not close it its peak was up
Speaker 4: closer to ten percent, but really a strong move for
Speaker 4: the HR software platform, and it does seem like at
Speaker 4: least again that vote of confidence from Elliott continuing to
Speaker 4: help kind of bolster their broader view.
Speaker 1: They authorized a buy back too, right up to.
Speaker 4: Four an additional four billion dollars buyback, so you're right
Speaker 4: drop of everything if you were looking for a reason
Speaker 4: to buy a stock. That again, though, I still think
Speaker 4: is down year to date, so maybe not one of
Speaker 4: the big gainers like a number of other companies, but
Speaker 4: trying to work it.
Speaker 1: Down about nine percent year to date. Yeah, exactly. Let's
Speaker 1: get to ho Logic.
Speaker 4: So this is a company that bloombergoarded is targeted potentially
Speaker 4: as a takeover target. So Bloomberg breaking right in the
Speaker 4: final minutes of the day that Blackstone and TPG are
Speaker 4: said to revive their interest in acquiring the medical device maker.
Speaker 4: So re engaging with the company's board in recent weeks
Speaker 4: about a potential takeover. This is about a fifteen billion
Speaker 4: dollar market cap company did trade up about seven and
Speaker 4: a half almost eight percent seven point seven percent. Ticker
Speaker 4: Holx was the best performer in the S and P
Speaker 4: five hundred, outperforming work Day by a smidge but still,
Speaker 4: this is another company that on the year to date performance,
Speaker 4: healthcare has been out of favor, down about five percent.
Speaker 2: Still the Stock Movers Report from Bloomberg Radio. Check back
Speaker 2: with us throughout the day for the latest roundup of
Speaker 2: companies making news on Wall Street and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
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