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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 1: Take a look at how some of the stocks are

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Speaker 1: moving today.

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Speaker 2: I'm Paul Sweeny at Lista Mittelo and we're joined by

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Speaker 2: Bloomberg's Isabel Lee Isabell what he got?

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Speaker 1: Definitely, coinbased shares are edging higher by two and a

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Speaker 1: half percent. That's COI n So we have August Research

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Speaker 1: initiating coverage of the stock with a recommendation of buy

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Speaker 1: and a four hundred dollars price target. So coinbase is

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Speaker 1: now close to four hundred. It's at three ninety six.

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Speaker 1: Oh and now it just hit three ninety seven, so

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Speaker 1: definitely engine closer to that target. Argos said it over

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Speaker 1: the past year, the shares have outperformed, and they note

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Speaker 1: that majority of the outperformance has occurred post a passage

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Speaker 1: of the Genius Act in June. So Argus also said

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Speaker 1: that it's noteworthy because coin is the first cryptonated member

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Speaker 1: to be included in the SMP that happened back in May,

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Speaker 1: and the stock has around twenty on a lit buy

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Speaker 1: sixteen hold and fourteen sell. Another thing, of course, coin

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Speaker 1: Base is influenced by bitcoin, which is now around one

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Speaker 1: hundred and twenty one thousand dollars, which is really a

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Speaker 1: huge record. So now Strategy and the tr and Galaxy

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Speaker 1: jail Xy are also edging higher because as bitcoin rises,

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Speaker 1: so do crypto link stocks. There they go hand in hand.

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Speaker 1: Let's move on to Autodesk. They're stepping back from an acquisition,

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Speaker 1: is that right? That's right, and shares are edging higher

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Speaker 1: four percent, So investors are definitely liking that Autodesk is adsk.

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Speaker 1: So they rose after reports that it's dropping its pursuit

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Speaker 1: of PTC, which would have ranked it as one of

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Speaker 1: the largest deals this year. So Autodesk is a software

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Speaker 1: provider and it decided to shelve the potential catch and

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Speaker 1: stock deal for PTC. So Autodesk is bigger. It has

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Speaker 1: a market cap of around sixty billion dollars. PTC is

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Speaker 1: a little smaller at around twenty three billion dollars. So

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Speaker 1: in a regulatory filing Monday August, Autodesk set it will

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Speaker 1: remain focused on executing strategic priorities. It said it will

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Speaker 1: allocate capital to organic investment, targeted and tuck in acquisitions,

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Speaker 1: Paul will know a lot of those. It didn't mention

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Speaker 1: PTC though, So that's what investors are implying.

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Speaker 2: Cayview, what is that.

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Speaker 1: That's the saut It's the maker of thaile and all

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Speaker 1: neutrogena and listerine. So they said that at CEO t

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Speaker 1: Botmongoon will leave the company and board of Director Kirk

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Speaker 1: Perry will take over as interim CEO. So they also

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Speaker 1: said that they will continue an ongoing comprehensive review of

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Speaker 1: strategic alternatives. So this is a consumer goods company. It

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Speaker 1: really has to faced a lot of pushback from activist investors,

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Speaker 1: and for now the company is really kind of heating

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Speaker 1: to that call. And you're right. They were spun off

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Speaker 1: from Johnsons and Johnson's in twenty twenty three, so now

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Speaker 1: kend You appears to be kicking off a number of

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Speaker 1: changes to a peace investors, and part of that is

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Speaker 1: a new CEO.

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Speaker 2: Search the Stock Movers podcast from Bloomberg Radio. Check back

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

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live. Catch us

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Speaker 2: Auto with the Bloomberg Business a