1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,320 --> 00:00:18,720 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,720 --> 00:00:21,400 Speaker 2: the move today. I'm Paul Sweeney with Alex Simanova, and 6 00:00:21,400 --> 00:00:25,400 Speaker 2: we're joined by Bloomberg Natalia Kenyan Javich in our studio. 7 00:00:25,600 --> 00:00:27,360 Speaker 2: I got Rush on my left, Rush on my right. 8 00:00:27,400 --> 00:00:29,600 Speaker 2: They're speaking back and forth and Russia. They're probably talking 9 00:00:29,640 --> 00:00:30,640 Speaker 2: about me. I don't know. 10 00:00:31,400 --> 00:00:31,920 Speaker 3: Fake money. 11 00:00:31,920 --> 00:00:35,680 Speaker 2: That was the things exactly, Figma, that was a phenomenal 12 00:00:35,720 --> 00:00:36,760 Speaker 2: io yesterday was. 13 00:00:36,680 --> 00:00:40,280 Speaker 3: A huge ipeel. Yes, let's talk about today's price sestion. First, 14 00:00:40,320 --> 00:00:42,760 Speaker 3: the stock is up by four percent. At one point 15 00:00:42,920 --> 00:00:45,319 Speaker 3: earlier in pre market, it was up by as much 16 00:00:45,360 --> 00:00:48,080 Speaker 3: as twenty three percent. The ticker for this stock is 17 00:00:48,320 --> 00:00:52,880 Speaker 3: pi fig. Overall, we know that the stock was priced 18 00:00:52,880 --> 00:00:55,720 Speaker 3: at thirty three dollars per share on a two day basis. 19 00:00:56,120 --> 00:00:59,920 Speaker 3: The game is still sitting above two hundred and sixty percent. 20 00:01:00,000 --> 00:01:04,000 Speaker 3: And also this trading gives Pigma the largest first day 21 00:01:04,040 --> 00:01:07,360 Speaker 3: trading gain in about three decades. Guys for a US 22 00:01:07,400 --> 00:01:11,160 Speaker 3: listed trade company traded company which raised more than one 23 00:01:11,319 --> 00:01:13,679 Speaker 3: billion dollars. It also made it COEO one of the 24 00:01:13,720 --> 00:01:17,520 Speaker 3: world's riches people. So and when it comes to fundamentals, 25 00:01:17,520 --> 00:01:20,639 Speaker 3: Bloomberg Intelligence and some other analysts are saying they are strong. 26 00:01:20,720 --> 00:01:24,400 Speaker 3: The company is growing fast. Net dollar retention is also 27 00:01:24,480 --> 00:01:27,080 Speaker 3: really solid. And the next big test for the company, 28 00:01:27,160 --> 00:01:30,920 Speaker 3: of course comes with analysts initiation and the next earnest 29 00:01:30,959 --> 00:01:32,000 Speaker 3: report and. 30 00:01:32,000 --> 00:01:34,240 Speaker 1: Also looking at the journey here. One of the highlights 31 00:01:34,240 --> 00:01:36,480 Speaker 1: of today. Their stock is down more than seven percent. 32 00:01:36,560 --> 00:01:38,640 Speaker 1: Right now, what is driving that reaction? What did they 33 00:01:38,680 --> 00:01:39,360 Speaker 1: say in their earnings? 34 00:01:39,520 --> 00:01:41,399 Speaker 3: Yeah, so the stock is down by eight percent. The 35 00:01:41,440 --> 00:01:47,280 Speaker 3: ticker for this company is mRNA. Couple metrics disappointed investors. So, 36 00:01:47,360 --> 00:01:50,360 Speaker 3: first of all, second quarter sales were down by forty 37 00:01:50,400 --> 00:01:52,720 Speaker 3: one percent on a year of a year basis. Of course, 38 00:01:52,760 --> 00:01:56,080 Speaker 3: it was driven by lower sales of COVID nineteen vaccines. 39 00:01:56,320 --> 00:01:59,760 Speaker 3: But keep in mind guys that typically demand for vaccines 40 00:01:59,800 --> 00:02:02,600 Speaker 3: pay up in the second half of this every year. 41 00:02:03,080 --> 00:02:06,520 Speaker 3: But I think more importantly, Maderna also lowered high end 42 00:02:06,560 --> 00:02:10,120 Speaker 3: of its revenue forecasts for the year. The company attributed 43 00:02:10,160 --> 00:02:14,360 Speaker 3: that to a shift in timing for contract revenue that 44 00:02:14,440 --> 00:02:18,320 Speaker 3: it moved to the first quarter of twenty six. To 45 00:02:18,600 --> 00:02:23,120 Speaker 3: bi's san Fazelli, it's underscores actually cash flow risk for 46 00:02:23,160 --> 00:02:26,320 Speaker 3: the company if it's cancer program with MERK falls short. 47 00:02:27,560 --> 00:02:30,920 Speaker 2: We got one more coin Base talking a lot Crypto here. 48 00:02:30,919 --> 00:02:33,840 Speaker 3: Crypto very interesting space. We see that the stock is 49 00:02:33,840 --> 00:02:37,640 Speaker 3: down by fifteen percent. The ticker is ci N. We 50 00:02:37,720 --> 00:02:40,840 Speaker 3: know that bitcoin itself and cryptocurrencies are moving down, but 51 00:02:40,919 --> 00:02:44,520 Speaker 3: this move is specifically related to companies earnings reports. So 52 00:02:44,560 --> 00:02:47,160 Speaker 3: when we look at results, revenue for the second quarter 53 00:02:47,240 --> 00:02:50,000 Speaker 3: actually increased three point three percent on a year of 54 00:02:50,000 --> 00:02:53,960 Speaker 3: a year basis, but it missed analyst expectations, and the 55 00:02:54,000 --> 00:02:58,600 Speaker 3: company attributed that to a slow spot trading volume, not 56 00:02:58,800 --> 00:03:01,480 Speaker 3: just in the US, butter the world as well. And 57 00:03:01,760 --> 00:03:05,359 Speaker 3: of course we know that crypto market capitalization was basically 58 00:03:05,440 --> 00:03:08,799 Speaker 3: flat on a of a quarter basis. Bloomberg Intelligence, I'm 59 00:03:08,800 --> 00:03:11,200 Speaker 3: going to cite them again. They are saying that the 60 00:03:11,240 --> 00:03:16,240 Speaker 3: company can actually post better third quarter revenue for the 61 00:03:16,240 --> 00:03:17,920 Speaker 3: next quarter, right, so we will keep an eye on that, 62 00:03:18,040 --> 00:03:21,160 Speaker 3: and of course Crypto space is very validtied. 63 00:03:21,639 --> 00:03:25,680 Speaker 1: The stock movers report from Bloomberg Radio. Check back with 64 00:03:25,760 --> 00:03:28,320 Speaker 1: us throughout the day for the latest roundup of companies 65 00:03:28,400 --> 00:03:31,520 Speaker 1: making news. On Wall Street and for the latest market 66 00:03:31,520 --> 00:03:36,000 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 67 00:03:36,080 --> 00:03:39,600 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 68 00:03:39,640 --> 00:03:41,160 Speaker 1: the Bloomberg Business app.