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.
Speaker 1: Let's take a look at some stocks on the move
Speaker 1: today with us as Bloomberg Television Markets correspondent Nora Melinda
Speaker 1: with today's stock movers. All right, let's start with the
Speaker 1: big one, Nour A.
Speaker 3: Stellar day that we're seeing right now for shares of Apple.
Speaker 3: Let's tick our aapl as you mentioned, it is hitting
Speaker 3: a record high here. This is the first record high
Speaker 3: they were seeing of twenty twenty five, and this is
Speaker 3: after the company said, essentially there were some data that
Speaker 3: came out that showed that iPhone seventeen, the series for
Speaker 3: that iPhone, outsold the iPhone sixteen by fourteen percent over
Speaker 3: the first ten days if you were to look at
Speaker 3: it respectively here, and that's for sales in the US
Speaker 3: and China. So of course you just start seeing them
Speaker 3: kind of knocking it out the park, hitting a record
Speaker 3: high here. But I mean, of course, if you still
Speaker 3: could share is year to date, but they're up about
Speaker 3: five percent. Now, that's different than what it looked like
Speaker 3: earlier that we're seeing a pop it to the green clearly,
Speaker 3: but I mean we also did see Loop Capital upgrading
Speaker 3: the stock to buy from hold lots of optimism right
Speaker 3: now in the market for this company.
Speaker 4: Can I just you know, a little self promotion for
Speaker 4: timy But we had a great conversation with Mark German
Speaker 4: about all things Apple, and I highly recommend if you
Speaker 4: missed it, check it out. It'll be on our podcast
Speaker 4: feed a little bit later on. Can I do a
Speaker 4: little self you.
Speaker 1: Can do it. Three point nine trillion dollars that's what
Speaker 1: the market cap is right now.
Speaker 4: I know if I was Matt Miller, you know, keep
Speaker 4: you promoted, just say and just say, let's go to
Speaker 4: app leven. What's going on?
Speaker 3: Yes, the keep it easy for us to tick her
Speaker 3: is app app shares are down as much as more
Speaker 3: than seven percent. Now they're paired a bit up, down
Speaker 3: about three point eight percent. This is after The New
Speaker 3: York Post reported that the state regulators have reached out
Speaker 3: to multiple short sellers in a possible preliminary probe on
Speaker 3: the company. Here so the state's involved in this concern
Speaker 3: or Delaware, Oregon, Connecticut, according to the report. But if
Speaker 3: you do look back earlier this month, in early October,
Speaker 3: we had the SEC that was probing a company in
Speaker 3: terms of its data collection practices. So lots of heat
Speaker 3: right now on this company. Shares are up though, seventy
Speaker 3: eight percent so far this year.
Speaker 1: Okay, one stock that has been moving since before the
Speaker 1: US market open this morning. This one was kind of
Speaker 1: the first one on my radar today, Nora, what's going
Speaker 1: on BMP.
Speaker 3: Pair of al ticker. We're looking at the USADR, so
Speaker 3: i'll give you BNPQY if you want to look it up.
Speaker 3: Shares are down about nine percent right now. As you mentioned,
Speaker 3: a lot of activity that we saw in the pre
Speaker 3: market here. This is after a trial loss overpass work
Speaker 3: in Sudan. They're saying that this could lead to a
Speaker 3: costly settlement here, and analysts are really saying that they
Speaker 3: don't expect a massive settlement costs here, but they do
Speaker 3: flag rising uncertainty here and pertaining in particular to this
Speaker 3: thought here. But BMP is saying that it should be overturned.
Speaker 3: But they did add that it doesn't have any pressure
Speaker 3: to settle this case here, So we'll just have to
Speaker 3: see how this one plays out. Shares up about thirty
Speaker 3: percent so far this year.
Speaker 4: Help me understand though the market cap on the eighty
Speaker 4: rs is about not just shy of ninety one billion,
Speaker 4: But my understanding is if the litigation was expanded out
Speaker 4: to all the cases could be something like one hundred
Speaker 4: and forty billion.
Speaker 2: Did I see right?
Speaker 3: And I was seeing that as well?
Speaker 1: How could so?
Speaker 4: Maybe they maybe investors just believe that they're not going
Speaker 4: to end up having to pay out that much, or
Speaker 4: it won't go that far.
Speaker 2: They'll be kind of settled. Right.
Speaker 1: It's a lot, it's a lot.
Speaker 4: It is a lot more than the market gap.
Speaker 2: The stock Mover's report from Bloomberg Radio. Check back with
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