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: Let's take a look at some stocks on the move today.
Speaker 3: I'm Tim Steneveek along with Carol Master. We're joined by Bloomberg
Speaker 3: News Equities reporter Avalon Prenell.
Speaker 4: Save us, Well, I'm not sure about saving you, guys,
Speaker 4: but I can definitely start off with Brown Foreman Sticker
Speaker 4: VF slash B. It jumped nearly thirteen percent into the
Speaker 4: close today for its biggest one day gain since twenty twenty,
Speaker 4: and that's after The Wall Street Journal reported that it's
Speaker 4: potentially open to a merging with Sazarek. That's a privately
Speaker 4: owned alcohol spirits maker. And yeah, we've been seeing a
Speaker 4: lot of news in this area, especially last month. Bloomberg
Speaker 4: also reported that Prone Recard was also interested in potentially
Speaker 4: acquiring the maker of Jack Daniels, but still unclear which
Speaker 4: direct they're going to glean.
Speaker 1: See actually pointed at me for Jack Daniels.
Speaker 3: No, because I'm going back looking at let the trading
Speaker 3: history all the way back to nineteen eighty eight, I'm sorry.
Speaker 3: I'm sorry. You got Avalon got me thinking go ahead,
Speaker 3: Oh I'm sorry.
Speaker 2: Oh no.
Speaker 4: I thought it was also interesting that TD actually had
Speaker 4: a note saying that they would not be surprised to
Speaker 4: see other alcohol makers throwing their hats in a ring
Speaker 4: as well.
Speaker 1: I was just going to say, all of a sudden,
Speaker 1: they're getting very popular, and you really saw that stock
Speaker 1: move higher.
Speaker 3: Well, this company hit an all time high on New
Speaker 3: Year's Eve twenty twenty. Kind of cool that it hit
Speaker 3: all time highs on news of twenty twenty.
Speaker 1: People were buying a lot of downs. Remember that was
Speaker 1: oh yeah, not a happy time.
Speaker 3: It's down least fifty eight percent since then. But I
Speaker 3: also did getting beat up.
Speaker 1: But I also think, like pandemic levels of so much
Speaker 1: stuff was not the norm, and we own that with streaming,
Speaker 1: like so many things have done a reset.
Speaker 3: So but it was reset before this the most recent
Speaker 3: interest from outside partners, it was at twenty fourteen levels. Okay,
Speaker 3: like it was, it was. It was not only there
Speaker 3: at that from the pandemic. It was like, you know,
Speaker 3: go back more.
Speaker 1: Than a decade, Like you people aren't drinking.
Speaker 3: That's that's the Are you a drinker? No prop and
Speaker 3: we are the problem a unfortunately live a little.
Speaker 2: It's crazy.
Speaker 1: I know, you know, it's real. It's real.
Speaker 3: You go around our office and it's like, I know,
Speaker 3: I know, And we have an alcohol guest tomorrow. What
Speaker 3: am I going to do?
Speaker 1: Are you serious? Yeah?
Speaker 2: What again? Yeah?
Speaker 1: Is going onwhere?
Speaker 2: Okay?
Speaker 1: It's just not okay. I got to talk to our
Speaker 1: producer all right. Texas Specific Lands TPL.
Speaker 4: Yes tick our tpl AT tumbled sixteen percent into the
Speaker 4: close for its biggest one day drop also since twenty twenty.
Speaker 4: This after the CEO of the firm's largest shareholder passed away.
Speaker 4: Murray Stall headed up Horizon Kinetics, which owned nearly fifteen
Speaker 4: percent of Texas Pacific Land. One investor said that Stall
Speaker 4: was one of tpl's largest cheerleaders who very much helped
Speaker 4: contribute to them been joining the SMP five hundred and
Speaker 4: For those who aren't familiar, Texas Pacific owns nearly nine
Speaker 4: hundred thousand acres in West Texas and has benefited from
Speaker 4: higher commodity prices as you can imagine this year, but
Speaker 4: its land is also used for bitcoin mines, renewable energy projects,
Speaker 4: and has even fielded interest from big tech companies.
Speaker 1: What a cool company. It's like twenty six billion dollar
Speaker 1: market cap, up thirty one percent year to date. But
Speaker 1: it's an E and P company like classified, but obviously
Speaker 1: learning you to use its land for a lot of
Speaker 1: other things. Right exactly, it's a great fine, very very cool.
Speaker 1: Where shall we go next?
Speaker 4: Then we can end with healthcare stock of course, Stars
Speaker 4: Surgical that's ticker STAA climbed twenty one percent for its
Speaker 4: biggest one day leap since last August. That's after the
Speaker 4: healthcare supplies Companies said that it expects net sales for
Speaker 4: the first quarter to exceed ninety million dollars, which is
Speaker 4: much better than expected at least on the cell side,
Speaker 4: and Jeffrey's called the result a very positive step in
Speaker 4: the right direction.
Speaker 1: Always good, right, like to see that. Yeah, the stock's
Speaker 1: up about nine percent year to day. The float is
Speaker 1: short though.
Speaker 4: Yeah.
Speaker 2: The stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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