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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 1: Let's take a look at some stocks on the move.

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Speaker 1: I'm Memori Grafeo. Join now by Nora Melnda, Bloomberg Television

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Speaker 1: Markets correspondent Noura. Let's start with Pallenteer. This is quite

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Speaker 1: a big move.

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Speaker 3: This is the stock that is seeing some of the

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Speaker 3: highest trading volume in the stock market right now in

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Speaker 3: the S and P five hundred, followed behind in video.

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Speaker 3: Of course, we know that we've been really looking at

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Speaker 3: Palenteer shares ticker PLTR because they've really been declining. A

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Speaker 3: lot of people worrying about fears about potential stretch valuations

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Speaker 3: here for this company. I mean, if you look at

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Speaker 3: the price of sales ratio on a trailing basis, we

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Speaker 3: see that sitting at about eighty five for Palenteer. This

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Speaker 3: is the highest that we're seeing for any stock in

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Speaker 3: the S and P five hundred. So while we did

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Speaker 3: report seller results, and of course, if you think about

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Speaker 3: their earnings more broadly, twenty one consecutive quarters where they

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Speaker 3: had not only not missed expectations, but they actually reported

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Speaker 3: a beat on their earnings. But we are seeing people

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Speaker 3: starting to scrutinize and wondering if there's broader fears of

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Speaker 3: a potential AI bubble.

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Speaker 2: Yeah.

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Speaker 3: Absolutely.

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Speaker 1: I mean, this is a stock that's run up one

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Speaker 1: hundred fifty percent this year. To see a drop like

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Speaker 1: this today, down over eight percent, it almost sparks fears.

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Speaker 1: Perhaps that is this a microcosm for what's going to

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Speaker 1: come next when we talk about valuation stocks running up

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Speaker 1: so much and then having a drop like this. Okay,

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Speaker 1: Novo Nordisk is next. Yes, this one is in focus.

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Speaker 1: This is ticker in VR. We're looking at the ADRs here,

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Speaker 1: and of course this has been the big story in

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Speaker 1: the drug pharma space, a little bit of a duking

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Speaker 1: it out to see who can get this company Mesterra

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Speaker 1: this is ticker MTSR. So you're really seeing a bidding

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Speaker 1: war between Novo Nordisk and Pfizer. Both of them are

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Speaker 1: really vying for this company met Sarah because it offers

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Speaker 1: OBCD pills and different things to manage that, and it

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Speaker 1: really is a startup here. So people are just trying

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Speaker 1: to think about how they can make the next step

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Speaker 1: forward here in the pharmaceutical space and thinking about generation treatments.

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Speaker 1: So you are seeing a lot of companies just really

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Speaker 1: trying to see who can get this to get Messara,

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Speaker 1: And you're seeing shares of Messarah up about twenty one

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Speaker 1: percent right now as we speak, but shares of Novo

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Speaker 1: Nordice pulling back down about two percent right now, right

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Speaker 1: and that's Novo ticker nv Oh. All right, let's finally

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Speaker 1: go to a company that if you live in New

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Speaker 1: York City you know pretty well, and I think people

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Speaker 1: in other cities know pretty well as yes, and we

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Speaker 1: also know it to be quite expensive here to take

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Speaker 1: in the city as opposed to the subway. But we're

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Speaker 1: looking at ticker Uber Uber makes it super easy for

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Speaker 1: you there.

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Speaker 3: We're seeing shares seeing some weakness right now. Shares of

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Speaker 3: Uber down about six percent right now as we speak.

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Speaker 3: And this is after the company saw some legal charges

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Speaker 3: at eight into its third quarter profits here, but it

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Speaker 3: did report ride share and delivery trips that soared. But

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Speaker 3: I mean, you are seeing a lot of people heavily

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Speaker 3: scrutinizing the fact of its third quarter profits really starting

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Speaker 3: to see some weakness here when you're thinking about those

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Speaker 3: legal charges.

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Speaker 2: Here Emily the Stockmover's report from Bloomberg Radio. Check back

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

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

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

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Speaker 2: Auto with the Bloomberg Business app.