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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg data.

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Speaker 3: Carol Masser along with Tim Stanwick, let's take a look

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Speaker 3: at some stocks on the move today. Joining us as

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Speaker 3: Bloomberg News Equities reporter Natalia kuney Jevich. She is here

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Speaker 3: in our studio. Where are we starting? This is the way.

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Speaker 3: You've got a company that moved like a lot today.

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Speaker 4: Yeah, we talk about IPOs first, guys.

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Speaker 3: Oh okay, so go Yeah, so his IPO is happening

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Speaker 3: in this market.

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Speaker 4: Exactly, it moved, I moved.

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Speaker 1: It moved. Okay. Sorry, really got.

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Speaker 4: To success stories today. We can't ignore team So first

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Speaker 4: one Health Hinge Health stock US up by eighteen or

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Speaker 4: seventeen percent after the IPO, the company raised more than

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Speaker 4: four hundred thirty million dollars it was priced at basically

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Speaker 4: raised much more than the company priced when we spoke

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Speaker 4: with sources yesterday before the company officially priced the IPO,

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Speaker 4: it was over subscribed. What was really interesting is that

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Speaker 4: allocations were really skewed towards like long gonely investors and

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Speaker 4: healthcare focused investors. Why it is important less volatility because

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Speaker 4: when the lock up expires a month from now, typically

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Speaker 4: fast money like hedge funday sales stocks. But now if

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Speaker 4: there are lots of long gonely investors allocate capital, it

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Speaker 4: means less volatility. Hinge Health for viewers listeners who don't know,

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Speaker 4: this is a basically digital health care platform. So if

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Speaker 4: you have pain in your back, you apply, They give

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Speaker 4: you instructions. I used it, but I was too lazy

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Speaker 4: to follow instruction.

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Speaker 1: This is why I said it moved. It's a physical

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Speaker 1: therapy move. That's what we're supposed to do.

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Speaker 2: You know, I don't have.

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Speaker 3: A physical therapy app, and I don't think it's.

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Speaker 1: Yeah, I don't think i've used this one before. I've

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Speaker 1: used two different ones with the same physical therapists. Bridge.

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Speaker 1: Yeah that's one i've because, yeah, we've gone in the

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Speaker 1: same place.

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Speaker 3: And I love these apps. I love it. It's like little.

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Speaker 1: People and they're doing it so much better than when

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Speaker 1: I was a kid and it was like a xerox

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Speaker 1: copy of and I was like shoes of how to

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Speaker 1: do a stretch? Yeah, I know, Yeah, it's pretty cool.

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Speaker 3: We should say that it did sell. I'm just looking

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Speaker 3: at the price thirteen point seven million chairs in aggregate,

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Speaker 3: having offered them for twenty to thirty to execut a

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Speaker 3: bit of a range there.

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Speaker 4: Right, yeah, yeah, yeah, and closed it thirty seven Really successful.

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Speaker 4: IPEOL doing pretty much, but we know that there are

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Speaker 4: so many concerns because the volatile environment. But then we

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Speaker 4: have another one M and T in or Mountain. The

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Speaker 4: stack is up by more than sixty percent. We see

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Speaker 4: that it raised almost two hundred million dollars priced at

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Speaker 4: sixteen dollars per share, closed the twenty six thirty six

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Speaker 4: dollars per share, and again a really strong demand across

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Speaker 4: Longnely investors. We know that Hollywood actor Ryan Ray I

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Speaker 4: can never pronounce Reynolds. Yes, he played a big role.

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Speaker 4: He's a chief creative officer, mister.

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Speaker 3: Blake Lively, Can I even say that? Oh sorry, go ahead.

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Speaker 4: And then I follow this story pretty closely to does it.

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Speaker 3: Right to slash people?

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Speaker 1: No idea?

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Speaker 4: So yes, really really really good demand. And again yesterday

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Speaker 4: when we spoke to some investment bankers, they were really optimistic.

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Speaker 4: Strong demand. People wanted to buy those stocks. So we'll

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Speaker 4: see how it plays out.

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Speaker 1: Mark Douglass, the Chairman, Presidency Owned founder of this company.

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Speaker 1: We've spoken him quite a bit over the last few

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Speaker 1: months ahead of this IPO.

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Speaker 3: Can I just say the IPO? Did you say this?

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Speaker 3: Drew Otters drew orders for around fourteen times the number

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Speaker 3: of shares available, So talk about being certainly oversubscribed and interesting. Yeah,

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Speaker 3: it Ryan Reynolds factor very a little bit. Let's talk

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Speaker 3: about United Airlines, shall.

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Speaker 4: We shall we? Yes? So not such a big move

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Speaker 4: three point six percent the stock is up. However, it

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Speaker 4: is a big signal for the market. So because CEO

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Speaker 4: Scott Curby told shareholders today that it sees at least

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Speaker 4: stable revenue and booking environment heading into the memorial, they

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Speaker 4: potentially starts off the summer trade travel season. Why it's important,

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Speaker 4: we remember when the company reported earnings issued to forecasts

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Speaker 4: in case we have a recession if we don't yes,

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Speaker 4: and analysts really loved that scenario because unlike other companies

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Speaker 4: like Delta Airlines, they just withdrew guidance. So now United

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Speaker 4: is saying that, yeah, potentially we can avoid a recession,

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Speaker 4: which is good. And in this case they see earnings

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Speaker 4: between eleven point five and thirteen point five dollars to share. Overall,

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Speaker 4: it's a pretty big move since this law in April eighth.

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Speaker 4: The stock is up by thirty five percent since early April,

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Speaker 4: but still down on a year to day basis.

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Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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