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: I want to take a look now at some stocks
Speaker 3: on the move. I'm Alexis Christophus along with Isabell Lay.
Speaker 3: We are in for Paul Sweety and Scarlett Food holding
Speaker 3: down the fort here at Bloomberg headquarters, and we are
Speaker 3: joined by Bloomberg's Avalon Pernell for a look at some
Speaker 3: of those stocks on the move. Once upon a Farm,
Speaker 3: so this is the company that actress Jennifer Garner is involved.
Speaker 3: But she co founded it, didn't she.
Speaker 1: Yes, she did. She co founded it in twenty seventeen
Speaker 1: to offer healthier baby food which once upon a time
Speaker 1: that's ticker OFRM. It's down about fourteen percent today. That's
Speaker 1: after the snack company forecast sales growth for the year
Speaker 1: that was a little bit slower than expected in its
Speaker 1: first earnings report as a public company. And JP Morgan's
Speaker 1: also saying that while the gross margins did come in
Speaker 1: a little bit light, sure on the stock may actually
Speaker 1: be more because of like a reflection of greater confidence
Speaker 1: in the food space. More specifically, earlier this week, we
Speaker 1: saw Campbell's hit its lowest level since.
Speaker 3: Two thousand and three.
Speaker 1: APT Yeah, a delayed snack recovery could also be hitting
Speaker 1: other companies like Once upon a Farm.
Speaker 2: What's going on in Alta?
Speaker 1: You know, I've only been to Alta at least once
Speaker 1: in my life, I think.
Speaker 3: Really only once everywhere in the city. John Hucker's been
Speaker 3: in there more than you.
Speaker 2: I've been more. Yeah, it's just like I'm always I
Speaker 2: was dragged in. I didn't go in for mylos entirely
Speaker 2: or not.
Speaker 1: Yes, you've been more than me.
Speaker 2: What's going on with the stock?
Speaker 1: Yes, Alta beauty ticker ALTA falling about nine point seven
Speaker 1: percent today, most inter day since twenty twenty four, making
Speaker 1: it one of the worst performers on the S and
Speaker 1: P five hundred today. That's after it reported earnings per
Speaker 1: share for the fourth quarter that was a little bit
Speaker 1: short of expectations and also the midpoint of its full
Speaker 1: year EPs forecast also miss estimates. That being said, the
Speaker 1: expectations were really high. The stock has been up nearly
Speaker 1: one hundred percent in the last year as of yesterday's close.
Speaker 1: So Tdcohen said their shares were most likely just held
Speaker 1: back as investors digested a slightly softered and expected for
Speaker 1: your guidance, but important to recognize that they're known for
Speaker 1: having guidance. It's slightly more conservative at the start of
Speaker 1: the year.
Speaker 3: Okay, good to know. And also Adobe change of the
Speaker 3: guard there at the top. They're longtime CEO stepping down.
Speaker 3: I don't think Wall Street likes it.
Speaker 1: You're right. Adobe ticker ADB sliding about six point two
Speaker 1: percent right now. That's after the maker of software for
Speaker 1: creative professionals said that one as you mentioned, the CEO
Speaker 1: will resign. And also there's just across the board a
Speaker 1: lot of skepticism about how the company will survive amid
Speaker 1: this AI era. What will that look like? Adobe's spin
Speaker 1: hit by a lot of questions, especially like other software
Speaker 1: developers looking at Salesforce as an example, how will they survive?
Speaker 1: We don't quite know yet, and it seems like investors
Speaker 1: remain skeptical.
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,
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