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 am Carol Masser along with Tim Stanevik. Let's get
Speaker 3: a look at some stocks on the move today. We're
Speaker 3: joined by Bloomberg News Secreties reporter and Deputy team leader
Speaker 3: for US Equities. She is Carmen Reinicky, and she is
Speaker 3: there in our Bloomberg Interactive Broker studio. Let's talk about
Speaker 3: some stocks on the move. Carmen, let's talk about Take two. Yes,
Speaker 3: certainly active in the aftermarket.
Speaker 4: Very active in the aftermarket. So take to Interactive Software,
Speaker 4: which is ticker T two. It's not about seven percent
Speaker 4: right now, after it had an earnings report which also
Speaker 4: included saying that it's postponing Grand Theft Auto six again
Speaker 4: to November twenty twenty six. So this game is something
Speaker 4: that's been highly anticipated by players and Wall Street investors.
Speaker 4: They've already pushed back the release of it previously, which
Speaker 4: also had sort of negative implications for the stock. So
Speaker 4: not surprising to see this sell off here and really
Speaker 4: sort of overshadowed their earnings. They reported bookings that beat
Speaker 4: estimates and also adjusted earnings that beat estimates.
Speaker 3: All right, so let's then so take two. We're seeing
Speaker 3: a big move. Oh and we also have some news
Speaker 3: on Tesla, which I know Carmen is watching, but Tim,
Speaker 3: you want to break the headline.
Speaker 1: Yeah, Tesla shareholders have approved Elon Muck's Musk's one at
Speaker 1: trillion dollar pay package. This crossing just about five minutes
Speaker 1: to five o'clock Wall Street time. Carmen, any reaction, yeah,
Speaker 1: right now for Tesla sewers.
Speaker 4: Pretty big spike in chairs right now. Obviously, we'll keep
Speaker 4: watching it. I'm seeing it up about two percent, you know.
Speaker 4: Obviously this is a huge deal for Tesla and something
Speaker 4: I was looking at before. Just an intextuation of.
Speaker 3: A huge deal too for Elon Musk.
Speaker 4: Right, Yeah, definitely, it's a pretty big number. Options traders
Speaker 4: were pricing in a four to five percent move in
Speaker 4: either direction. So this is when I'm going to keep
Speaker 4: an eye on in after hours here to see it
Speaker 4: keeps moving, all.
Speaker 1: Right, looking at chairs of Tesla, as you mentioned, moving
Speaker 1: higher in the after arts, which is surprising to me, Carol,
Speaker 1: because this was kind of priced in I was checking
Speaker 1: the Yeah, I thought I thought it was priced in.
Speaker 1: I was checking the prediction markets ahead of time, and
Speaker 1: call she had it at over ninety percent that this
Speaker 1: was for Tesla.
Speaker 3: I think, you know, we've had a lot of conversations,
Speaker 3: I feel like over the last couple of weeks and
Speaker 3: the lead up to this, and I think the thing
Speaker 3: was that Tesla isn't Tesla without Elon Musk in a
Speaker 3: big way. And I think the expectation was that this
Speaker 3: was going to happen. There a lot of supporters of
Speaker 3: Elon Musk say yes, but yeah, but even I feel
Speaker 3: like members of our team. But the other thing is
Speaker 3: this parameters, like he's got to hit certain metrics in
Speaker 3: order for that pay package to play out over is
Speaker 3: it a decade or so. I forget what the timeline
Speaker 3: Carmen is on that, but there are some metrics he's
Speaker 3: got a hit in order to get all of that money.
Speaker 4: Yeah, no, you're right. And I think it also sort
Speaker 4: of goes to show, you know, the positive stock reaction
Speaker 4: goes to show that investors really like when Elon is
Speaker 4: focused on Tesla when he's not doing other things, and
Speaker 4: it has their full attention. And so this is I
Speaker 4: think hopefully a nod that it will get that from
Speaker 4: him going forward. One more that I was looking at
Speaker 4: after hours this evening ahead go ahead Xpedia, So that's
Speaker 4: ticker EXPE and I want to point this one out.
Speaker 4: So shares her up about fourteen percent and after hours,
Speaker 4: really big move, and it's coming after the company raised
Speaker 4: its full year outlook for gross bookings and revenue and
Speaker 4: specifically signaling that strong travel trends are continuing into the
Speaker 4: holiday quarter. You know, obviously, travel, I think has been
Speaker 4: a really huge thing that everybody's watching this year and
Speaker 4: right now, you know, we're having issues with with airlines,
Speaker 4: but people are still spending money and they're they're trying
Speaker 4: to travel, so that's flowing through for XPA.
Speaker 2: The stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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