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. Let's
Speaker 2: take a look at some of the stocks on the
Speaker 2: move today. We're joining by Judy LaGrue.
Speaker 1: Judy, what are you looking at today?
Speaker 3: Good morning, Paul. I'm looking at SpaceX ticker SPCX. Again,
Speaker 3: the stock is up as much as eight percent right now,
Speaker 3: and of course this is on the heels of the
Speaker 3: Cursor takeover announcement. But one thing I noticed in my
Speaker 3: research here is that our equity team noted that SpaceX
Speaker 3: is up, yes, but space linked names are down today.
Speaker 3: So space infrastructure firm Red Wire ticker RDW is down
Speaker 3: about eight percent. Spacecraft maker Firefly Aerospace ticker fly is
Speaker 3: now down about seven percent. So again, really interesting movement,
Speaker 3: That's what I'm looking at for sure.
Speaker 1: Right, of course, we have to keep our eye on
Speaker 1: that one, because it's been a straight shot up since
Speaker 1: someone even say, taken off like a rocket since its hibo.
Speaker 1: All right, let's stay in the tech space. What else
Speaker 1: do you have?
Speaker 3: So a Rax Space Technology ticker r XT. The stock
Speaker 3: is up currently right now at about eleven percent. It's
Speaker 3: up as much as twenty one percent in trading today.
Speaker 3: The company did two things right. One, finalized a deal
Speaker 3: to use chips from Advanced micro Devices in its data centers,
Speaker 3: so that's a really big deal for them. And second,
Speaker 3: the company approved a fifteen percent cut of its global workforce,
Speaker 3: so they're expecting to realize as much as eighty five
Speaker 3: million in annual savings from this move. So I'm definitely
Speaker 3: looking at that company as well.
Speaker 2: Right.
Speaker 3: One more sure, Netflix, and I find this story to
Speaker 3: be really fascinating here. The news came out well first
Speaker 3: ticker NFLX, that is Netflix, and the stock is down
Speaker 3: by as much as four percent in trading today. And
Speaker 3: this is coming off the heels of a Semaphore report
Speaker 3: that Netflix lost out to Fox to buy Roku. And also,
Speaker 3: according to Semaphore, Netflix is one of a number of
Speaker 3: companies interested in buying Lionsgate. So again, all of this
Speaker 3: movement is really I'm looking at this, this downward movement
Speaker 3: for Netflix.
Speaker 2: The stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines, Listen to Bloomberg Radio Live. Catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.