Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greyfell.
Speaker 1: Let's get to some of the gainers in today's session.
Speaker 1: Gotta start with Cracker Barrel, a record gain Eat your Day,
Speaker 1: highest in nearly eight months. One point your Day. The
Speaker 1: stock was up as much as thirty five percent here
Speaker 1: at the close. It's a gain of just shy of
Speaker 1: twenty three percent. Logo and restaurant designed scandal be gone instead.
Speaker 2: We's country Ham.
Speaker 3: Can't believe it.
Speaker 1: I know salt and pepper shakers, America shakers. That's days
Speaker 1: twenty twenty. I know how many times do you go
Speaker 1: there all the time?
Speaker 2: I love Crackers one Clinton, New Jersey.
Speaker 1: Good to know anyway, Definitely a different song on Wall
Speaker 1: Street here for this one. A different tune when it
Speaker 1: comes to investors. Restaur Unchain raised its full year revenue
Speaker 1: guidance and said declines in store traffic are moderating. It's
Speaker 1: now up about eighty percent year to date. Twenty seven
Speaker 1: percent of the float is short, though so just keep
Speaker 1: that in mind. In terms of sentiment. Hey, I got
Speaker 1: to go to what is the number one gainer in
Speaker 1: the S and P five hundred, and that is Casey's
Speaker 1: General Stores shares rallying after the convenience store chain reported
Speaker 1: revenue for the fourth quarter that did beat the average
Speaker 1: analyst estimate. And there was one standout stat. There are
Speaker 1: a bunch of stats you could go over, but fuel
Speaker 1: revenue two point eight eight billion dollars up eighteen percent
Speaker 1: year over year, easily beating the estimate on the street
Speaker 1: of two point sixty six billion. That certainly helped the
Speaker 1: company out. Stock is up nearly sixty percent year to date.
Speaker 1: Only about four percent of the float is short. And
Speaker 1: then I just want to go real quickly too. And
Speaker 1: IPO today Parabilus Medicines. I'm hopefully saying it correct. I
Speaker 1: don't know if I am PBLS biopharmaceutical and clinical stage
Speaker 1: cancer drug company raised nearly seven hundred and forty five
Speaker 1: million dollar. It was an upsized IPO, pricing above its
Speaker 1: marketed range and a private placement. One existing investor are
Speaker 1: a capital taking more than half of the shares in
Speaker 1: that IPO. That's according to people familiar with the matter.
Speaker 1: But that's stock closing up fifty eight percent, so pretty successful.
Speaker 3: IPO here, okay, not all IPOs good today, And I'll
Speaker 3: get to one of those a little later. Before we
Speaker 3: do that, though, I want to get to super Micro,
Speaker 3: the worst performer in the s and P five hundred
Speaker 3: by a long shot. Today fell twenty eight percent. It
Speaker 3: was the biggest drop going all the way back to March.
Speaker 3: That's the stock of super Micro over the last couple
Speaker 3: of years, very volatile. The company announced this plan to
Speaker 3: raise seven billion dollars through a package of equity offering
Speaker 3: in stall pay for the production of more AI servers.
Speaker 3: Investors did not like the sound of that. The financing
Speaker 3: plan expected to dilute near term earnings, but also signals
Speaker 3: that AI demand could lift fiscal twenty twenty seven revenue
Speaker 3: above the fifty billion dollar consensus. Once again, super Micro
Speaker 3: shares falling twenty eight percent. What is the stock in
Speaker 3: the SMP five hundred, Well, it was, and then it wasn't,
Speaker 3: and then it was again out Yeah, Like I don't know.
Speaker 3: I mean, you're gonna have to ask the group of
Speaker 3: people who make that decision, right, maybe while you're at it,
Speaker 3: you can ask them some questions about SpaceX. I was
Speaker 3: going to say, I feel like we all care about
Speaker 3: index methodology more than we ever have. Is a beautiful
Speaker 3: thing we do. We spoke to the CEO of Wealth Front,
Speaker 3: David Fortunado a little earlier about how you know after
Speaker 3: maybe four or five days SpaceX will be in VTI. Yeah,
Speaker 3: and how you know they had a blog post on
Speaker 3: their website so people can include or exclude it from
Speaker 3: the portfolio. It's been a very polarizing stock, as you
Speaker 3: guys know, We've encountered it. Yeah, you've encountered this. Let's
Speaker 3: talk about some less than truckload companies LTL. Speaking in
Speaker 3: Romain's language, I knew that Romaine would love this story.
Speaker 3: Look at this was on the all morning about this
Speaker 3: old Dominion down five percent, FedEx Freight down seven percent,
Speaker 3: sayah down three point three percent.
Speaker 1: What does that say?
Speaker 3: It says that Amazon is getting into their territory. Amazon
Speaker 3: announce an expansion of its own shipping service. It includes
Speaker 3: less than truckload offerings to destinations across the US. It's
Speaker 3: part of the Amazon supply chain. Services Suite analysts have
Speaker 3: a mixed view on the impact, but there are some
Speaker 3: concerns about legacy carriers such as these taking a hit
Speaker 3: as a result of Amazon getting in their territory. I
Speaker 3: was on the highway yesterday. I actually saw an Uber
Speaker 3: freight truck. Huh, which is not something that you see
Speaker 3: every day.
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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