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 1: I'm Carol Master along with Alexis Christophers. Let's get to
Speaker 1: some of the stocks on the move this Thursday. Carmen
Speaker 1: Rhinegy in the house. She's equities reporter and deputy team
Speaker 1: leader for US Equities. Got to talk Alta. It is
Speaker 1: rallying big time in the aftermarket.
Speaker 3: Yeah, let's look at it. So this is ticker ULTA.
Speaker 3: Shares of Alta are up about five point four percent
Speaker 3: right now. So the company had quarterly earnings and it
Speaker 3: raised its full year outlook and it also reported better
Speaker 3: than expected results in the third quarter. So really, what
Speaker 3: it looks like here is that consumers are definitely happy
Speaker 3: to keep spending on cosmetics. And this can be, you know,
Speaker 3: actually a really good sign in the economy, and it's
Speaker 3: a place that people look at.
Speaker 4: It's like smaller discretionary purchases.
Speaker 3: So people are definitely still spending on these on these things,
Speaker 3: and investors are happy about it, sending the shares up
Speaker 3: in after hours.
Speaker 1: Well, we did see the CEO also talk about consumers
Speaker 1: remaining cautious, which has really been kind of I feel
Speaker 1: like the watch word or.
Speaker 5: Words from what kind of retailer you're talking about, if wait,
Speaker 5: from Kroger on down right when the food companies, the
Speaker 5: clothing companies. Although Abercrombie and Fitch yesterday had a really
Speaker 5: nice earning situation, Dollar in.
Speaker 3: General today too, So like we're seeing these pockets of
Speaker 3: places where people are still.
Speaker 4: Spending and willing to spend. And it looks looks like Alta.
Speaker 1: The dollar general tells a really big story right when
Speaker 1: they're doing well. It says how people are looking for bargains,
Speaker 1: all right, So Alta it is definitely up five and
Speaker 1: a half percent here in the aftermarket. Let's go to
Speaker 1: HP also reported after the closing bell.
Speaker 3: Yeah, so this is down about eight percent right now.
Speaker 3: Give an outlook for sales in the current quarter that
Speaker 3: was just a little bit shy of what Wall Street expected.
Speaker 3: So basically they're saying revenue will be about nine billion.
Speaker 3: Analysts we're expecting, you know, closer to ten billion. So
Speaker 3: this is kind of an issue because it suggests that
Speaker 3: the company isn't meeting some very high expectations for the
Speaker 3: sales of AI servers. HB is definitely a name that's
Speaker 3: gotten a boost from the AI trade so far this year,
Speaker 3: and you know, that's something that investors have just become
Speaker 3: sort of increasingly.
Speaker 4: Cautious about going forward.
Speaker 3: They really want to see the results the ROI return
Speaker 3: on investment in the UAN.
Speaker 5: That's just an example of like, hey, good is not
Speaker 5: good enough. You need to just be spectacular.
Speaker 4: Yeah, I think that we see a lot of that.
Speaker 3: We're seeing that, you know, it's not just a beaten
Speaker 3: raise isn't enough. You know, it has to really blow
Speaker 3: earnings out of their water. And so then when you
Speaker 3: if you fall a little bit short, I think investors
Speaker 3: have been very swift to punish those stocks, especially if
Speaker 3: they're a name that's had a big run this year.
Speaker 4: I'm just going to pull up the year to debut
Speaker 4: and so, yeah, you know, I was going to pull up.
Speaker 4: It's down.
Speaker 3: It definitely looks like it got hit in the sort
Speaker 3: of draw down that we've seen from October, but it's
Speaker 3: still up very you know, significantly since April at least
Speaker 3: maybe about flat.
Speaker 4: On the year.
Speaker 3: So a lot of these names really just underwatch by investors,
Speaker 3: and so we're seeing you know HP slip a little
Speaker 3: bit here.
Speaker 5: Yeah, So another after the bell company that's a little
Speaker 5: bit smaller than HP, EU Praxis Precision. It's a medical company,
Speaker 5: and I know that it's it's a smaller market cap,
Speaker 5: smaller company. So like the volatility is greater. The stock
Speaker 5: is up something like fifty four percent here in aftermarket.
Speaker 5: What can you tell us?
Speaker 3: So ticker p r a X. So basically it had
Speaker 3: two things here. So it says that a study of
Speaker 3: a medication I'm going to try to say relutrin.
Speaker 5: You're grave, yeah, I oh, okay.
Speaker 3: So basically this company does a lot of sort of
Speaker 3: nervous system disorders, so this treats ES central nervous system disorder.
Speaker 4: Was successful. And it also said that it has.
Speaker 3: An NDA for another drug in the works to treat
Speaker 3: essential trumer. So both of these things were really positive.
Speaker 3: Shares are off their their hayes a little bit. It
Speaker 3: looks like in post market up about fifteen percent of right,
Speaker 3: they were up as much as fifty for after hours,
Speaker 3: especially when the headlines about the NDA hit.
Speaker 1: Yeah, and up about one hundred and forty seven percent
Speaker 1: year to date, although almost fifteen percent of that float
Speaker 1: is short, so just but it's you know, one of
Speaker 1: these high flyers right when it comes to biotech.
Speaker 5: And then not earnings but a share sale helping out
Speaker 5: Sofi Technologies.
Speaker 3: Yeah, so we're looking at Sofi ticker Sofi. It's actually
Speaker 3: down about five and a half percent right now. So
Speaker 3: it's seeking to raise one point five billion in the
Speaker 3: share sale, working with Goldman Sacks.
Speaker 4: Looking to offer shares.
Speaker 3: For between twenty seven fifty to twenty eight fifty.
Speaker 4: So right now, it's trading actually right about at that rate.
Speaker 3: It's trading at about twenty eight dollars per share in
Speaker 3: after hours, so it's a little bit of a discount
Speaker 3: to Thursday's close, So it makes sense the stock would
Speaker 3: be selling off a little bit here.
Speaker 1: Why are they doing this vacation?
Speaker 3: Yeah, and it says, let me see our reporting is
Speaker 3: saying that it's enhancing capital position, new business opportunities, and
Speaker 3: it looks like we've reached out, but don't immediately have
Speaker 3: a response to request for comment.
Speaker 1: Yeah, okay, it's interesting, right. Yeah, and it also says
Speaker 1: that's a big sale, right, but it's looking to diversify
Speaker 1: beyond lending into other products, so they're looking to raise
Speaker 1: some money to like expand in terms of business, I'm
Speaker 1: always curious about why they need, why they share sale,
Speaker 1: and what they're looking to do. So yeah, it looks
Speaker 1: like they're expanding their business.
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