1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,799 Speaker 2: the stock market, harnessing the power of Bloomberg Data. Let's 4 00:00:17,800 --> 00:00:19,159 Speaker 2: take a look at some of the stocks on the 5 00:00:19,200 --> 00:00:21,880 Speaker 2: move today. I'm Paul Sweeney along with Alex Steele, and 6 00:00:21,920 --> 00:00:23,919 Speaker 2: we're joined by Bloomberg's Normal Linda Norm. 7 00:00:23,920 --> 00:00:25,680 Speaker 3: What do you have, Well, let's take it to look 8 00:00:25,720 --> 00:00:28,160 Speaker 3: at one of the biggest decliners in the S and 9 00:00:28,200 --> 00:00:31,520 Speaker 3: P five hundred right now. I've got eyes on Palanteer Technologies. 10 00:00:32,000 --> 00:00:34,240 Speaker 3: Now we're seeing shares of the company that are lower 11 00:00:34,360 --> 00:00:37,080 Speaker 3: down as much as fifteen percent in training today. That's 12 00:00:37,120 --> 00:00:39,080 Speaker 3: the most in over a year. And this comes after 13 00:00:39,320 --> 00:00:42,720 Speaker 3: very high expectations from Wall Street about the metrics that 14 00:00:42,720 --> 00:00:44,559 Speaker 3: were coming out of this company. Of course, we know 15 00:00:44,680 --> 00:00:46,720 Speaker 3: the AI boom has really been in focus. I mean, 16 00:00:46,760 --> 00:00:50,000 Speaker 3: the company is even saying that there was a ravenous 17 00:00:50,120 --> 00:00:53,400 Speaker 3: whirlwind in terms of rising demand for AI software, but 18 00:00:53,640 --> 00:00:55,960 Speaker 3: it just didn't really meet expectations, the high end of 19 00:00:56,080 --> 00:00:59,000 Speaker 3: expectations that being. I mean, if we look at the stock, 20 00:00:59,040 --> 00:01:00,920 Speaker 3: it was the best perform stock in the S and 21 00:01:00,960 --> 00:01:04,640 Speaker 3: P five hundred up until yesterday, and so we're just 22 00:01:04,640 --> 00:01:06,720 Speaker 3: seeing the stock kind of taking it to the chin 23 00:01:06,760 --> 00:01:07,520 Speaker 3: a little bit today. 24 00:01:07,600 --> 00:01:09,640 Speaker 1: I mean, I gotta say, though the numbers were still 25 00:01:09,680 --> 00:01:12,200 Speaker 1: amazing and the dollar crade is still really good. This 26 00:01:12,319 --> 00:01:13,080 Speaker 1: just feels like. 27 00:01:13,200 --> 00:01:14,600 Speaker 2: You're in real, real fast. 28 00:01:14,680 --> 00:01:17,039 Speaker 3: Let's take a break, right, I mean, outlook was even raised, 29 00:01:17,120 --> 00:01:18,520 Speaker 3: so yeah, exactly. 30 00:01:18,280 --> 00:01:21,320 Speaker 2: That's what the kids call a beaten raise, a beaten raise. 31 00:01:21,680 --> 00:01:23,960 Speaker 1: A beaten raise, and still yet the stock goes down. 32 00:01:24,040 --> 00:01:27,039 Speaker 1: Exactly what else you looking now? I'm looking at Vertex Pharmaceuticals. 33 00:01:27,040 --> 00:01:29,440 Speaker 1: That's another big declining stock in the S and P 34 00:01:29,480 --> 00:01:30,400 Speaker 1: five hundred right now. 35 00:01:30,520 --> 00:01:34,360 Speaker 3: So what reported earnings? And it says twenty thousand prescriptions 36 00:01:34,360 --> 00:01:38,160 Speaker 3: were filled for its non opioid opioid pain drug. But 37 00:01:38,280 --> 00:01:40,920 Speaker 3: this wasn't enough to satisfy the street. I mean, its 38 00:01:40,920 --> 00:01:45,160 Speaker 3: first quarter results missed expectations, and analysts are actually mixed 39 00:01:45,160 --> 00:01:48,680 Speaker 3: about the launch of this non opioid pain medication, especially 40 00:01:48,760 --> 00:01:51,240 Speaker 3: as it's really trying to gain a lot of backing 41 00:01:51,280 --> 00:01:54,000 Speaker 3: from insurance companies. So that's really been weighing on the stock. 42 00:01:54,040 --> 00:01:57,440 Speaker 3: It's stumbling for its worst day since December. Shares are 43 00:01:57,440 --> 00:02:00,600 Speaker 3: down as much as fourteen percent, but up about eight 44 00:02:00,640 --> 00:02:01,720 Speaker 3: percent so far this year. 45 00:02:02,120 --> 00:02:03,760 Speaker 2: All right, interesting anything else out there? 46 00:02:03,920 --> 00:02:05,600 Speaker 3: Lastly, I want to take a look at DoorDash. I mean, 47 00:02:05,600 --> 00:02:08,080 Speaker 3: you guys know I've been a grup up user, but 48 00:02:08,080 --> 00:02:09,880 Speaker 3: DoorDash is kind of calling my name as of late. 49 00:02:10,000 --> 00:02:12,040 Speaker 1: Really, Oh, can you tell the difference? 50 00:02:12,080 --> 00:02:13,959 Speaker 3: I mean they're giving me. So I have a Chase 51 00:02:14,000 --> 00:02:18,280 Speaker 3: Sapphire Preferred card, just got that. Love it, Love it, 52 00:02:18,320 --> 00:02:20,720 Speaker 3: and you get access to DoorDash. They give you some 53 00:02:20,720 --> 00:02:22,960 Speaker 3: sort of discount. So they've been seeing me a little bit. 54 00:02:22,960 --> 00:02:23,560 Speaker 3: But I'm cooking more. 55 00:02:23,560 --> 00:02:28,760 Speaker 2: Guys, the Stock Movers podcast from Bloomberg Radio. Check back 56 00:02:28,760 --> 00:02:31,160 Speaker 2: with us throughout the day for the latest roundup of 57 00:02:31,240 --> 00:02:34,400 Speaker 2: companies making news on Wall Street and for the latest 58 00:02:34,480 --> 00:02:38,639 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 59 00:02:38,639 --> 00:02:42,000 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 60 00:02:42,040 --> 00:02:44,040 Speaker 2: Auto with the Bloomberg Business app.