1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:18,720 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,760 --> 00:00:20,959 Speaker 1: I'm Scarlett Foo here with Paul Sweeney and we're joined 6 00:00:20,960 --> 00:00:23,439 Speaker 1: by our one and only, Billy Lipshultz. Billy, what do 7 00:00:23,440 --> 00:00:23,639 Speaker 1: you have? 8 00:00:23,880 --> 00:00:25,439 Speaker 3: Yeah, I want to look at one of the worst 9 00:00:25,440 --> 00:00:27,720 Speaker 3: performers in the SB five hundred, the worst performer in 10 00:00:27,760 --> 00:00:31,280 Speaker 3: the now that is three M ticker MMM. This came 11 00:00:31,400 --> 00:00:34,320 Speaker 3: after the industrial company's outlook for the year. I just 12 00:00:34,400 --> 00:00:37,320 Speaker 3: earnings midpoint below what Wall Street was looking for. JP 13 00:00:37,400 --> 00:00:39,360 Speaker 3: Morgan calling it mix. One of the things that stood 14 00:00:39,400 --> 00:00:41,960 Speaker 3: out to me looking through the analyst call and some 15 00:00:42,040 --> 00:00:44,600 Speaker 3: of the results was kind of the CEO is pitching 16 00:00:44,640 --> 00:00:49,000 Speaker 3: the maker of post its as reorienting it towards sectors 17 00:00:49,040 --> 00:00:52,239 Speaker 3: that are hot, think data centers. Bank of America, though 18 00:00:52,280 --> 00:00:54,680 Speaker 3: calling out that data center activity only counsel about three 19 00:00:54,720 --> 00:00:56,840 Speaker 3: percent of their revenue. So as much as you want 20 00:00:56,840 --> 00:00:59,600 Speaker 3: to lead into nuclear facilities and data centers, things that 21 00:00:59,600 --> 00:01:01,720 Speaker 3: are all the age not quite working out. So the 22 00:01:01,720 --> 00:01:04,720 Speaker 3: stockdown right now about seven and a half percent, biggest 23 00:01:04,800 --> 00:01:09,119 Speaker 3: drop since Friday of tariff Day back in April, So 24 00:01:09,240 --> 00:01:11,840 Speaker 3: a pretty big move to the downside again, weighing on 25 00:01:12,240 --> 00:01:14,800 Speaker 3: the Dow. Also weighing on the SP five hundred. 26 00:01:14,920 --> 00:01:16,040 Speaker 2: All right, what else do you have for us? 27 00:01:16,200 --> 00:01:18,679 Speaker 3: Looking at micro Strategy, I imagine that's one of your favorites, 28 00:01:18,760 --> 00:01:23,200 Speaker 3: Paul ticker mstr. They are the bitcoin hoarding company. So 29 00:01:23,200 --> 00:01:25,720 Speaker 3: they announced that they bought more than two billion dollars 30 00:01:25,720 --> 00:01:29,240 Speaker 3: a bitcoin last week. Michael Saylor kind of continuing to 31 00:01:29,319 --> 00:01:31,920 Speaker 3: lead into that bet. The interesting thing is seemingly when 32 00:01:31,959 --> 00:01:33,920 Speaker 3: they buy, they're buying at the highs and then we 33 00:01:33,959 --> 00:01:36,720 Speaker 3: see the token pull back. So right now bitcoin trading 34 00:01:36,800 --> 00:01:39,319 Speaker 3: just north of ninety thousand dollars per token. So when 35 00:01:39,360 --> 00:01:41,760 Speaker 3: you go out and buy twenty two thousand dollars twenty 36 00:01:41,760 --> 00:01:44,000 Speaker 3: two thousand bitcoin and then see the price pull back, 37 00:01:44,160 --> 00:01:46,679 Speaker 3: not really good for you bottom line. So Strategy tickerr 38 00:01:46,760 --> 00:01:50,200 Speaker 3: MSTR down again more than six call it almost seven percent, 39 00:01:50,640 --> 00:01:52,160 Speaker 3: biggest drop since earlier this year. 40 00:01:52,240 --> 00:01:54,800 Speaker 1: And we're going to talk about this and other crypto 41 00:01:54,840 --> 00:01:58,000 Speaker 1: issues on Bloomberg Crypto today at twelve pm Eastern time 42 00:01:58,040 --> 00:02:01,720 Speaker 1: on Bloomberg Television. Stop that you're watching all. 43 00:02:01,680 --> 00:02:05,000 Speaker 3: Right, Paul knows I love to talk biotech. So Immunity 44 00:02:05,040 --> 00:02:10,079 Speaker 3: Biotechnical IPRX right now more than thirty four percent. This 45 00:02:10,160 --> 00:02:13,120 Speaker 3: is a now seven and a half billion dollar market cap. 46 00:02:13,360 --> 00:02:16,320 Speaker 3: So this is a drug developer that had a positive 47 00:02:16,360 --> 00:02:19,000 Speaker 3: meeting with the FDA. We're regarding and an application for 48 00:02:19,040 --> 00:02:21,639 Speaker 3: a strug treat and bladder cancer. The thing again, that's 49 00:02:21,639 --> 00:02:23,880 Speaker 3: interesting for this company. Not only is it up thirty 50 00:02:23,880 --> 00:02:26,919 Speaker 3: four percent in trading at the highest level since the 51 00:02:26,960 --> 00:02:30,040 Speaker 3: summer of twenty twenty four, it's hurting short seller shorts 52 00:02:30,440 --> 00:02:32,600 Speaker 3: betting against the talk about thirty six percent of the 53 00:02:32,600 --> 00:02:35,440 Speaker 3: share shorted. So whether today is a positive move or 54 00:02:35,480 --> 00:02:37,359 Speaker 3: really just shorts trying to cover their bets against the 55 00:02:37,400 --> 00:02:41,079 Speaker 3: company one bright spot in day that's for all intentsive purposes, 56 00:02:41,200 --> 00:02:44,079 Speaker 3: been pretty chop it choppy for equity markets. I get 57 00:02:44,120 --> 00:02:48,520 Speaker 3: another biotech stock moving again, it's either it's binary, thing 58 00:02:48,600 --> 00:02:52,800 Speaker 3: works stock possible. And this is a stock that had 59 00:02:52,800 --> 00:02:55,440 Speaker 3: a winning streak to start the year, was trading below 60 00:02:55,480 --> 00:02:57,880 Speaker 3: two bucks at the end of twenty twenty five, right 61 00:02:57,919 --> 00:03:00,480 Speaker 3: now north of seven. So if you bought again, took 62 00:03:00,480 --> 00:03:03,680 Speaker 3: a lotto take it on. An immunity Bio at the 63 00:03:03,760 --> 00:03:05,760 Speaker 3: end of December working out pretty good. 64 00:03:06,440 --> 00:03:10,680 Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us 65 00:03:10,680 --> 00:03:13,480 Speaker 2: throughout the day for the latest roundup of companies making 66 00:03:13,560 --> 00:03:17,160 Speaker 2: news on Wall Street and for the latest market moving headlines. 67 00:03:17,400 --> 00:03:21,400 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 68 00:03:21,440 --> 00:03:24,520 Speaker 2: dot com, and on Applecarplay and Android Auto with the 69 00:03:24,560 --> 00:03:25,919 Speaker 2: Bloomberg Business app.