Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Scarlett Foo here with Paul Sweeney and we're joined
Speaker 1: by our one and only, Billy Lipshultz. Billy, what do
Speaker 1: you have?
Speaker 3: Yeah, I want to look at one of the worst
Speaker 3: performers in the SB five hundred, the worst performer in
Speaker 3: the now that is three M ticker MMM. This came
Speaker 3: after the industrial company's outlook for the year. I just
Speaker 3: earnings midpoint below what Wall Street was looking for. JP
Speaker 3: Morgan calling it mix. One of the things that stood
Speaker 3: out to me looking through the analyst call and some
Speaker 3: of the results was kind of the CEO is pitching
Speaker 3: the maker of post its as reorienting it towards sectors
Speaker 3: that are hot, think data centers. Bank of America, though
Speaker 3: calling out that data center activity only counsel about three
Speaker 3: percent of their revenue. So as much as you want
Speaker 3: to lead into nuclear facilities and data centers, things that
Speaker 3: are all the age not quite working out. So the
Speaker 3: stockdown right now about seven and a half percent, biggest
Speaker 3: drop since Friday of tariff Day back in April, So
Speaker 3: a pretty big move to the downside again, weighing on
Speaker 3: the Dow. Also weighing on the SP five hundred.
Speaker 2: All right, what else do you have for us?
Speaker 3: Looking at micro Strategy, I imagine that's one of your favorites,
Speaker 3: Paul ticker mstr. They are the bitcoin hoarding company. So
Speaker 3: they announced that they bought more than two billion dollars
Speaker 3: a bitcoin last week. Michael Saylor kind of continuing to
Speaker 3: lead into that bet. The interesting thing is seemingly when
Speaker 3: they buy, they're buying at the highs and then we
Speaker 3: see the token pull back. So right now bitcoin trading
Speaker 3: just north of ninety thousand dollars per token. So when
Speaker 3: you go out and buy twenty two thousand dollars twenty
Speaker 3: two thousand bitcoin and then see the price pull back,
Speaker 3: not really good for you bottom line. So Strategy tickerr
Speaker 3: MSTR down again more than six call it almost seven percent,
Speaker 3: biggest drop since earlier this year.
Speaker 1: And we're going to talk about this and other crypto
Speaker 1: issues on Bloomberg Crypto today at twelve pm Eastern time
Speaker 1: on Bloomberg Television. Stop that you're watching all.
Speaker 3: Right, Paul knows I love to talk biotech. So Immunity
Speaker 3: Biotechnical IPRX right now more than thirty four percent. This
Speaker 3: is a now seven and a half billion dollar market cap.
Speaker 3: So this is a drug developer that had a positive
Speaker 3: meeting with the FDA. We're regarding and an application for
Speaker 3: a strug treat and bladder cancer. The thing again, that's
Speaker 3: interesting for this company. Not only is it up thirty
Speaker 3: four percent in trading at the highest level since the
Speaker 3: summer of twenty twenty four, it's hurting short seller shorts
Speaker 3: betting against the talk about thirty six percent of the
Speaker 3: share shorted. So whether today is a positive move or
Speaker 3: really just shorts trying to cover their bets against the
Speaker 3: company one bright spot in day that's for all intentsive purposes,
Speaker 3: been pretty chop it choppy for equity markets. I get
Speaker 3: another biotech stock moving again, it's either it's binary, thing
Speaker 3: works stock possible. And this is a stock that had
Speaker 3: a winning streak to start the year, was trading below
Speaker 3: two bucks at the end of twenty twenty five, right
Speaker 3: now north of seven. So if you bought again, took
Speaker 3: a lotto take it on. An immunity Bio at the
Speaker 3: end of December working out pretty good.
Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us
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