1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,400 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,120 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,120 --> 00:00:19,160 Speaker 1: at some of the stock movers today. 5 00:00:19,200 --> 00:00:21,200 Speaker 2: We're joined by Bloomers Karmen, Ryan Key. Carmen, what are 6 00:00:21,200 --> 00:00:22,919 Speaker 2: you looking at today? Yeah, So the first thing I'm 7 00:00:22,920 --> 00:00:26,680 Speaker 2: looking at is Corse up to Therapeutics. This is ticker CORT. 8 00:00:27,160 --> 00:00:29,640 Speaker 2: Shares are up about fifteen percent right now after the 9 00:00:29,680 --> 00:00:33,840 Speaker 2: firm said that a trial for a drug in platinum 10 00:00:33,880 --> 00:00:38,520 Speaker 2: resistant ovarian cancer met its overall survival primary endpoint and 11 00:00:38,920 --> 00:00:41,519 Speaker 2: had a thirty five reduction in death risk compared to 12 00:00:42,320 --> 00:00:44,519 Speaker 2: just another drug alone. Notice how I'm not trying to 13 00:00:44,560 --> 00:00:45,319 Speaker 2: say the drug made. 14 00:00:45,400 --> 00:00:47,640 Speaker 1: Yes, that's too. 15 00:00:47,600 --> 00:00:51,760 Speaker 2: Many consonants in there. So the FDAY is also reviewing 16 00:00:51,760 --> 00:00:55,560 Speaker 2: the drugs New Drug Application with a target date of July. 17 00:00:56,520 --> 00:00:58,160 Speaker 2: If you assoom out on this chart too, I thought 18 00:00:58,160 --> 00:00:59,840 Speaker 2: it was interesting. This is a big jump for shit 19 00:01:00,040 --> 00:01:02,560 Speaker 2: for shares, But at the end of December it had 20 00:01:02,560 --> 00:01:05,640 Speaker 2: a really sharp fall off, and that was because the 21 00:01:05,680 --> 00:01:08,600 Speaker 2: FDA rejected the company's drug to treat a sort of 22 00:01:08,600 --> 00:01:11,440 Speaker 2: specific form of high blood pressure. So we're seeing a 23 00:01:11,440 --> 00:01:13,240 Speaker 2: little bit of a rebound here, but it's you know, 24 00:01:13,280 --> 00:01:16,360 Speaker 2: only at the highest sense December thirtieth. 25 00:01:16,240 --> 00:01:18,400 Speaker 1: So s long way off from the best levels, all right. 26 00:01:18,440 --> 00:01:21,880 Speaker 2: Next up, Yeah, so looking at Abbot Labs, it is 27 00:01:21,920 --> 00:01:24,199 Speaker 2: the worst performer in the S and P right now, 28 00:01:24,319 --> 00:01:29,240 Speaker 2: down seven zero point three percent worst cents July. So 29 00:01:29,840 --> 00:01:33,679 Speaker 2: the medical devices firm reported, you know, a sales for 30 00:01:33,760 --> 00:01:37,600 Speaker 2: the fourth quarter that fell short of estimates and also 31 00:01:37,760 --> 00:01:41,000 Speaker 2: gave a first quarter earnings forecast that missed Wall Street estimates, 32 00:01:41,560 --> 00:01:43,800 Speaker 2: sort of specifically after the company said it was forced 33 00:01:43,840 --> 00:01:48,440 Speaker 2: to offer discounts on nutrition products to lure price conscious customers. 34 00:01:48,480 --> 00:01:50,400 Speaker 2: So I actually didn't know that it had sort of 35 00:01:50,440 --> 00:01:54,200 Speaker 2: a nutrition section that does sort of protein drinks specifically 36 00:01:54,200 --> 00:01:57,360 Speaker 2: for people on weight loss drugs. So seeing a little 37 00:01:57,400 --> 00:02:00,120 Speaker 2: bit of weakness there, and analysts had already expected that 38 00:02:00,120 --> 00:02:03,760 Speaker 2: there was going to be some weakness and more conservative 39 00:02:03,800 --> 00:02:09,440 Speaker 2: guidance after the impact of COVID nineteen testing sales, but still, 40 00:02:09,480 --> 00:02:11,919 Speaker 2: you know, less than expected here in shares down. Okay, 41 00:02:11,960 --> 00:02:14,560 Speaker 2: one more yep. So another one I wanted to point 42 00:02:14,600 --> 00:02:17,600 Speaker 2: out is Arista Networks. So it's the top performer and 43 00:02:17,919 --> 00:02:20,840 Speaker 2: the S and P. This is ticker a n E 44 00:02:21,160 --> 00:02:23,880 Speaker 2: t up ten percent right now. I honestly don't have 45 00:02:24,000 --> 00:02:26,320 Speaker 2: a great slam dunk reason for this, but you have 46 00:02:26,360 --> 00:02:28,840 Speaker 2: to point it out. It's such a nice move. It's 47 00:02:28,919 --> 00:02:31,720 Speaker 2: the best intra day since August for the company. It 48 00:02:31,800 --> 00:02:33,799 Speaker 2: might be getting a little bit of a bid as 49 00:02:33,840 --> 00:02:36,359 Speaker 2: part of a broader strength behind memory stocks. There was 50 00:02:36,360 --> 00:02:38,360 Speaker 2: a not anything from Baird this morning, sort of putting 51 00:02:38,360 --> 00:02:41,120 Speaker 2: it in that sector. We've seen some of those names 52 00:02:41,200 --> 00:02:44,080 Speaker 2: really take off this year. But also to be noted, 53 00:02:44,120 --> 00:02:46,080 Speaker 2: a lot of those other constituents are down today, so 54 00:02:46,120 --> 00:02:49,079 Speaker 2: like you know, sand Disk, Seagate, I think Western Digital 55 00:02:49,160 --> 00:02:52,760 Speaker 2: is also a little bit down today. So we're looking 56 00:02:52,760 --> 00:02:55,040 Speaker 2: for more reasons on that one. But a really stunning 57 00:02:55,120 --> 00:02:56,680 Speaker 2: move from Arista Networks. 58 00:02:57,600 --> 00:03:01,480 Speaker 1: The stock Mover's report from bloom Ver Radio. Check back 59 00:03:01,520 --> 00:03:03,720 Speaker 1: with us throughout the day for the latest roundup of 60 00:03:03,800 --> 00:03:07,080 Speaker 1: companies making news on Wall Street and for the latest 61 00:03:07,120 --> 00:03:11,320 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 62 00:03:11,360 --> 00:03:15,120 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 63 00:03:15,120 --> 00:03:17,080 Speaker 1: Auto with the Bloomberg Business app.