Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some of the stocks on the moves today. We
Speaker 1: can do that with Bloomberg Television's markets correspondent nor Me
Speaker 1: Linda no Abody looking at it.
Speaker 2: Let's take a look at shares of Dexcom tick our DXCM.
Speaker 2: We know this is the medical device maker, pretty popular
Speaker 2: at least for those who have diabetes that tends to
Speaker 2: They have a lot of devices that monitor glucose levels
Speaker 2: for those with diabetes. We're seeing shares of the stock
Speaker 2: up more than eight point three percent right now earlier,
Speaker 2: hitting its biggest gain since June. Now, this is after
Speaker 2: the company met its fourth quarter met the average analyst
Speaker 2: estimate in terms of revenue. William Blair. Analysts are also
Speaker 2: calling out the fact that they think that the company
Speaker 2: has a favorable setup for a twenty percent plus EPs
Speaker 2: growth with potential upside. So you're clearly seeing this as
Speaker 2: a tailwind to the company today. Shares of the company
Speaker 2: up about six point four percent so far this year.
Speaker 2: All right, one of the companies that reported earnings yesterday
Speaker 2: is on your radar, yes, and it is really deep
Speaker 2: in the red. We're looking at DraftKings take our DKNG
Speaker 2: shares are falling as much as sixteen percent today. That
Speaker 2: is the worst intra day dropped since twenty twenty two. Now,
Speaker 2: this is after the sports betting company's revenue forecast for
Speaker 2: the year missed the average analyst estimate. I mean Flutter Entertainment,
Speaker 2: which owns Fandel is also falling in sympathy, so we
Speaker 2: didn't see shares of that also tumbling off of the news.
Speaker 2: But really interesting, as we're really seeing this stock has
Speaker 2: really had a tough start to twenty twenty six. If
Speaker 2: we take a look at the action that we've been
Speaker 2: seeing since the start of the year, we're seeing that
Speaker 2: this stock is down about thirty seven percent so far
Speaker 2: this year. All right, one more lastly, looking at Pinterest.
Speaker 2: Of course pi ns not a pretty day for them either,
Speaker 2: stock falling as much as twenty five percent. That's the
Speaker 2: worst in almost four years. We of course know that
Speaker 2: the company projected sales for the current quarter that missed
Speaker 2: the average analyst estimate. It's reported first quarter revenue. It's
Speaker 2: expected to be nine hundred and fifty one million dollars
Speaker 2: to nine hundred and seventy one million dollars. That is
Speaker 2: lower than the average analyst estimate of nine hundred and
Speaker 2: eighty one million dollars. And we also know that, of course,
Speaker 2: they did have the layoffs just back in January, and
Speaker 2: they're really making this pivot, a shift toward artificial intelligence.
Speaker 2: So I want to see how that works out for them,
Speaker 2: but also a stock that's really suffering this year. Stock
Speaker 2: is down forty four percent and twenty twenty six and
Speaker 2: it's smid February.
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