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 1: I'm Carol Masser along with Tim Stenovic. Let's get to
Speaker 1: some stocks on the move back with us as Avalon Pernell.
Speaker 1: She's Bloomberg News US Equities reporter. Where shall we begin?
Speaker 3: Firstly, where's the beef? We have to start off of
Speaker 3: wind Nice.
Speaker 4: I like it.
Speaker 3: That's ticker w e N. It's currently going up more
Speaker 3: than twenty eight percent most in your day since twenty twenty.
Speaker 3: And that's as the fast food chain seems to be
Speaker 3: getting the meme stock treatment, to say the least. Earlier
Speaker 3: today there was a Reddit post asking members to save
Speaker 3: Wendy's before it's too late, and we are now seeing
Speaker 3: exactly what that saving Wendy's looks like.
Speaker 4: So that's it.
Speaker 2: What does that mean?
Speaker 1: What do you do?
Speaker 3: A good question?
Speaker 1: Do you trade off of that?
Speaker 4: I guess so I don't.
Speaker 2: I don't.
Speaker 4: You don't, you don't, But maybe some people are listen.
Speaker 1: You know what's interesting is stock is down about four
Speaker 1: percent eight or day, almost thirty two percent of the
Speaker 1: float is short, so there's been mega negative sentiment and
Speaker 1: I'm just thinking, if you were short and all of
Speaker 1: a sudden the stock took off, maybe you're doing some
Speaker 1: short covering. But nonetheless it's it's not even quite an
Speaker 1: eight dollars stock, just below it.
Speaker 4: Well, there's another company that for a time period a
Speaker 4: few years ago was a meme stock that's also moving
Speaker 4: big time today and that's Hurts. Why is Hurts moving?
Speaker 3: Yes, that's ticker HTZ not moving in the right direction
Speaker 3: currently thinking about thirty eight percent, most in today on record,
Speaker 3: and that's after the car rental company offered a warning
Speaker 3: about its profit, saying that it's now going to be
Speaker 3: on the lower end this coming quarter as softness in
Speaker 3: the used car markets really is hitting them hard, and
Speaker 3: their reaction to this problem is also driving the sell
Speaker 3: off today. A lot of people were taking a pause
Speaker 3: to say the lease after they said they're currently planning
Speaker 3: to offer one hundred million dollars in stock alongside a
Speaker 3: three hundred million dollar offering of convertible payment in kind notes,
Speaker 3: so to say the least, which not looking great.
Speaker 4: Again it's a three dollars stock, Yeah, I mean, this
Speaker 4: one has been all over the place over the last
Speaker 4: few years. There was the whole Tesla tie up that
Speaker 4: a lot of people were really bullish about. Then it
Speaker 4: turned out it didn't work because the people didn't want
Speaker 4: to rent Tesla's because they were difficult to charge. They
Speaker 4: had to offload all those cars. And then when the
Speaker 4: price of use cars was going up because new cars
Speaker 4: were so expensive, it was doing very well because there's
Speaker 4: such a big seller of use cars. So it's been
Speaker 4: the story has been really all over the place over
Speaker 4: the last few years.
Speaker 1: I have to say, had an opportunity to a rental
Speaker 1: to do an EV and I was kind of like
Speaker 1: afraid to do it because I was afraid, like what
Speaker 1: if I can't plug it in, you know, and I
Speaker 1: wanted to, but I just didn't go there.
Speaker 4: We got a hybrid recent well it was like a
Speaker 4: year ago actually at this point, but it was a
Speaker 4: plug in hybrid, yeah, and I couldn't. It was at
Speaker 4: zero when I rented it, so it was just using
Speaker 4: gas and I was eager to use the plug in part.
Speaker 4: And the core it came with wasn't long enough to
Speaker 4: plug into any of the outlets where we were parking.
Speaker 4: It really really well, so we only use the gas
Speaker 4: part of the hybrid part.
Speaker 1: All right, let's go to a name. I'm not really
Speaker 1: that familiar with ticker's ABSI.
Speaker 3: Yes, that is Absie currently up about thirty eight percent
Speaker 3: to hit its highest inday level since twenty twenty one,
Speaker 3: and that's after the AI Drug Discovery Company had to
Speaker 3: bring in some AI today released early data for its
Speaker 3: experimental hair loss drug. Hair Loss, at least from what
Speaker 3: we are hearing from investors, could be the next thing
Speaker 3: that people are thinking could help take over like the obesity.
Speaker 1: Want us talk to Tim Stenevik about the importance of hairless, Well,
Speaker 1: this poor guy.
Speaker 4: You guys such a hard time.
Speaker 2: No, no, no, you wrut up.
Speaker 1: It was at a planning call and it was like
Speaker 1: Tim and of women on our team, and we just
Speaker 1: were like, all right, just should know we're waiting for
Speaker 1: more money, you know on women's health issues.
Speaker 4: Well, I was just I was basically saying what you
Speaker 4: were saying, which was a lot of analysts have said,
Speaker 4: what is the next sort of golden goose after the
Speaker 4: GLP one fades from the pharmaceutical company men's hair. That's
Speaker 4: what some analysts are saying.
Speaker 3: You're absolutely right, I mean we have Verders, we have
Speaker 3: Cobo in Europe. There's definitely a lot of different companies
Speaker 3: that are having a lot of data for this as well.
Speaker 2: The Stockmovers 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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