WEBVTT - Take-Two Sinks on GTA Delay, Tesla Slides, Expedia Rises

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I am Carol Masser along with Tim Stanevik. Let's get

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<v Speaker 3>a look at some stocks on the move today. We're

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<v Speaker 3>joined by Bloomberg News Secreties reporter and Deputy team leader

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<v Speaker 3>for US Equities. She is Carmen Reinicky, and she is

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<v Speaker 3>there in our Bloomberg Interactive Broker studio. Let's talk about

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<v Speaker 3>some stocks on the move. Carmen, let's talk about Take two. Yes,

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<v Speaker 3>certainly active in the aftermarket.

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<v Speaker 4>Very active in the aftermarket. So take to Interactive Software,

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<v Speaker 4>which is ticker T two. It's not about seven percent

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<v Speaker 4>right now, after it had an earnings report which also

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<v Speaker 4>included saying that it's postponing Grand Theft Auto six again

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<v Speaker 4>to November twenty twenty six. So this game is something

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<v Speaker 4>that's been highly anticipated by players and Wall Street investors.

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<v Speaker 4>They've already pushed back the release of it previously, which

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<v Speaker 4>also had sort of negative implications for the stock. So

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<v Speaker 4>not surprising to see this sell off here and really

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<v Speaker 4>sort of overshadowed their earnings. They reported bookings that beat

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<v Speaker 4>estimates and also adjusted earnings that beat estimates.

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<v Speaker 3>All right, so let's then so take two. We're seeing

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<v Speaker 3>a big move. Oh and we also have some news

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<v Speaker 3>on Tesla, which I know Carmen is watching, but Tim,

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<v Speaker 3>you want to break the headline.

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<v Speaker 1>Yeah, Tesla shareholders have approved Elon Muck's Musk's one at

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<v Speaker 1>trillion dollar pay package. This crossing just about five minutes

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<v Speaker 1>to five o'clock Wall Street time. Carmen, any reaction, yeah,

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<v Speaker 1>right now for Tesla sewers.

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<v Speaker 4>Pretty big spike in chairs right now. Obviously, we'll keep

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<v Speaker 4>watching it. I'm seeing it up about two percent, you know.

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<v Speaker 4>Obviously this is a huge deal for Tesla and something

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<v Speaker 4>I was looking at before. Just an intextuation of.

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<v Speaker 3>A huge deal too for Elon Musk.

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<v Speaker 4>Right, Yeah, definitely, it's a pretty big number. Options traders

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<v Speaker 4>were pricing in a four to five percent move in

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<v Speaker 4>either direction. So this is when I'm going to keep

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<v Speaker 4>an eye on in after hours here to see it

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<v Speaker 4>keeps moving, all.

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<v Speaker 1>Right, looking at chairs of Tesla, as you mentioned, moving

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<v Speaker 1>higher in the after arts, which is surprising to me, Carol,

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<v Speaker 1>because this was kind of priced in I was checking

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<v Speaker 1>the Yeah, I thought I thought it was priced in.

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<v Speaker 1>I was checking the prediction markets ahead of time, and

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<v Speaker 1>call she had it at over ninety percent that this

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<v Speaker 1>was for Tesla.

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<v Speaker 3>I think, you know, we've had a lot of conversations,

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<v Speaker 3>I feel like over the last couple of weeks and

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<v Speaker 3>the lead up to this, and I think the thing

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<v Speaker 3>was that Tesla isn't Tesla without Elon Musk in a

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<v Speaker 3>big way. And I think the expectation was that this

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<v Speaker 3>was going to happen. There a lot of supporters of

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<v Speaker 3>Elon Musk say yes, but yeah, but even I feel

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<v Speaker 3>like members of our team. But the other thing is

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<v Speaker 3>this parameters, like he's got to hit certain metrics in

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<v Speaker 3>order for that pay package to play out over is

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<v Speaker 3>it a decade or so. I forget what the timeline

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<v Speaker 3>Carmen is on that, but there are some metrics he's

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<v Speaker 3>got a hit in order to get all of that money.

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<v Speaker 4>Yeah, no, you're right. And I think it also sort

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<v Speaker 4>of goes to show, you know, the positive stock reaction

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<v Speaker 4>goes to show that investors really like when Elon is

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<v Speaker 4>focused on Tesla when he's not doing other things, and

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<v Speaker 4>it has their full attention. And so this is I

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<v Speaker 4>think hopefully a nod that it will get that from

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<v Speaker 4>him going forward. One more that I was looking at

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<v Speaker 4>after hours this evening ahead go ahead Xpedia, So that's

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<v Speaker 4>ticker EXPE and I want to point this one out.

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<v Speaker 4>So shares her up about fourteen percent and after hours,

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<v Speaker 4>really big move, and it's coming after the company raised

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<v Speaker 4>its full year outlook for gross bookings and revenue and

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<v Speaker 4>specifically signaling that strong travel trends are continuing into the

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<v Speaker 4>holiday quarter. You know, obviously, travel, I think has been

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<v Speaker 4>a really huge thing that everybody's watching this year and

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<v Speaker 4>right now, you know, we're having issues with with airlines,

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<v Speaker 4>but people are still spending money and they're they're trying

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<v Speaker 4>to travel, so that's flowing through for XPA.

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