WEBVTT - Wendy's Soars, Hertz Tumbles, Absci Surges

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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 1>I'm Carol Masser along with Tim Stenovic. Let's get to

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<v Speaker 1>some stocks on the move back with us as Avalon Pernell.

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<v Speaker 1>She's Bloomberg News US Equities reporter. Where shall we begin?

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<v Speaker 3>Firstly, where's the beef? We have to start off of

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<v Speaker 3>wind Nice.

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<v Speaker 4>I like it.

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<v Speaker 3>That's ticker w e N. It's currently going up more

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<v Speaker 3>than twenty eight percent most in your day since twenty twenty.

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<v Speaker 3>And that's as the fast food chain seems to be

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<v Speaker 3>getting the meme stock treatment, to say the least. Earlier

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<v Speaker 3>today there was a Reddit post asking members to save

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<v Speaker 3>Wendy's before it's too late, and we are now seeing

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<v Speaker 3>exactly what that saving Wendy's looks like.

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<v Speaker 4>So that's it.

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<v Speaker 2>What does that mean?

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<v Speaker 1>What do you do?

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<v Speaker 3>A good question?

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<v Speaker 1>Do you trade off of that?

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<v Speaker 4>I guess so I don't.

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<v Speaker 2>I don't.

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<v Speaker 4>You don't, you don't, But maybe some people are listen.

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<v Speaker 1>You know what's interesting is stock is down about four

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<v Speaker 1>percent eight or day, almost thirty two percent of the

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<v Speaker 1>float is short, so there's been mega negative sentiment and

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<v Speaker 1>I'm just thinking, if you were short and all of

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<v Speaker 1>a sudden the stock took off, maybe you're doing some

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<v Speaker 1>short covering. But nonetheless it's it's not even quite an

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<v Speaker 1>eight dollars stock, just below it.

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<v Speaker 4>Well, there's another company that for a time period a

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<v Speaker 4>few years ago was a meme stock that's also moving

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<v Speaker 4>big time today and that's Hurts. Why is Hurts moving?

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<v Speaker 3>Yes, that's ticker HTZ not moving in the right direction

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<v Speaker 3>currently thinking about thirty eight percent, most in today on record,

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<v Speaker 3>and that's after the car rental company offered a warning

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<v Speaker 3>about its profit, saying that it's now going to be

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<v Speaker 3>on the lower end this coming quarter as softness in

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<v Speaker 3>the used car markets really is hitting them hard, and

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<v Speaker 3>their reaction to this problem is also driving the sell

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<v Speaker 3>off today. A lot of people were taking a pause

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<v Speaker 3>to say the lease after they said they're currently planning

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<v Speaker 3>to offer one hundred million dollars in stock alongside a

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<v Speaker 3>three hundred million dollar offering of convertible payment in kind notes,

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<v Speaker 3>so to say the least, which not looking great.

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<v Speaker 4>Again it's a three dollars stock, Yeah, I mean, this

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<v Speaker 4>one has been all over the place over the last

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<v Speaker 4>few years. There was the whole Tesla tie up that

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<v Speaker 4>a lot of people were really bullish about. Then it

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<v Speaker 4>turned out it didn't work because the people didn't want

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<v Speaker 4>to rent Tesla's because they were difficult to charge. They

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<v Speaker 4>had to offload all those cars. And then when the

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<v Speaker 4>price of use cars was going up because new cars

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<v Speaker 4>were so expensive, it was doing very well because there's

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<v Speaker 4>such a big seller of use cars. So it's been

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<v Speaker 4>the story has been really all over the place over

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<v Speaker 4>the last few years.

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<v Speaker 1>I have to say, had an opportunity to a rental

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<v Speaker 1>to do an EV and I was kind of like

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<v Speaker 1>afraid to do it because I was afraid, like what

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<v Speaker 1>if I can't plug it in, you know, and I

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<v Speaker 1>wanted to, but I just didn't go there.

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<v Speaker 4>We got a hybrid recent well it was like a

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<v Speaker 4>year ago actually at this point, but it was a

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<v Speaker 4>plug in hybrid, yeah, and I couldn't. It was at

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<v Speaker 4>zero when I rented it, so it was just using

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<v Speaker 4>gas and I was eager to use the plug in part.

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<v Speaker 4>And the core it came with wasn't long enough to

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<v Speaker 4>plug into any of the outlets where we were parking.

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<v Speaker 4>It really really well, so we only use the gas

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<v Speaker 4>part of the hybrid part.

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<v Speaker 1>All right, let's go to a name. I'm not really

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<v Speaker 1>that familiar with ticker's ABSI.

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<v Speaker 3>Yes, that is Absie currently up about thirty eight percent

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<v Speaker 3>to hit its highest inday level since twenty twenty one,

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<v Speaker 3>and that's after the AI Drug Discovery Company had to

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<v Speaker 3>bring in some AI today released early data for its

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<v Speaker 3>experimental hair loss drug. Hair Loss, at least from what

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<v Speaker 3>we are hearing from investors, could be the next thing

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<v Speaker 3>that people are thinking could help take over like the obesity.

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<v Speaker 1>Want us talk to Tim Stenevik about the importance of hairless, Well,

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<v Speaker 1>this poor guy.

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<v Speaker 4>You guys such a hard time.

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<v Speaker 2>No, no, no, you wrut up.

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<v Speaker 1>It was at a planning call and it was like

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<v Speaker 1>Tim and of women on our team, and we just

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<v Speaker 1>were like, all right, just should know we're waiting for

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<v Speaker 1>more money, you know on women's health issues.

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<v Speaker 4>Well, I was just I was basically saying what you

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<v Speaker 4>were saying, which was a lot of analysts have said,

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<v Speaker 4>what is the next sort of golden goose after the

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<v Speaker 4>GLP one fades from the pharmaceutical company men's hair. That's

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<v Speaker 4>what some analysts are saying.

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<v Speaker 3>You're absolutely right, I mean we have Verders, we have

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<v Speaker 3>Cobo in Europe. There's definitely a lot of different companies

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<v Speaker 3>that are having a lot of data for this as well.

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<v Speaker 2>The Stockmovers Report from Bloomberg Radio. Check back with us

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