Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading,
Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik, and Katie Greifel.
Speaker 3: All Right, so let's go to the number one gainer
Speaker 3: in the S and P five hundred and the Nasdaq
Speaker 3: one hundred. We're talking about app Lovin up about fourteen
Speaker 3: thirteen percent, let's be fair, thirteen percent here in today's session,
Speaker 3: up the most to nearly a year, city saying clients
Speaker 3: are up week over week. They cited some store leads
Speaker 3: data that suggests the app loven has nearly sixty four
Speaker 3: hundred e commerce clients through February six, So that's up
Speaker 3: about three percent from the prior week. I'm thinking probably
Speaker 3: too at play here. Barons was kind of highlighting this.
Speaker 3: A financial publisher and short seller retracted some of its
Speaker 3: most explosive claims regarding app Leven's alleged connections to transnational
Speaker 3: crime syndicates. What Capital Watch don't I don't know.
Speaker 2: What does this company even do?
Speaker 1: I mean, did they name themselves after a character from
Speaker 1: Super Bad?
Speaker 3: Companies Platform matches advertisers with mobile app and game publishers.
Speaker 3: Does that answer the question?
Speaker 2: Absolutely? Two hundred and sixty billion dollar company.
Speaker 3: I know, stockdown more than thirty percent year to date,
Speaker 3: reports earnings on Wednesday after the close. But anyway, so
Speaker 3: this capital watch apparently came out and did retract some
Speaker 3: of these explosive claims. So I don't know. There's a
Speaker 3: lot going on.
Speaker 2: They provide end to end software and AI solutions, software
Speaker 2: solutions solutions.
Speaker 3: All right, well done, team, well done. All right, let's
Speaker 3: go to another name, Oracle. This was a top gainer
Speaker 3: two in the s and P five hundred the stock
Speaker 3: in today's session you can see higher as much as
Speaker 3: almost twelve percent of its highs today up though with
Speaker 3: about a nine point six percent gain at the close.
Speaker 3: Bernstein cut its price target milliast downgrade the stock, but
Speaker 3: everybody focusing on DA Davidson, which upgraded the stock to
Speaker 3: buy from neutral, maintaining the price target or from one eighty?
Speaker 3: Did it actually I think it? No? Did it maintain
Speaker 3: I guess it did from one to eighty. So what's
Speaker 3: interesting is the analyst note saying the fate of the
Speaker 3: stock is heavily tied to open AI and to a
Speaker 3: lesser extent TikTok, but those relationships could pay off, according
Speaker 3: to Da Davidson, So that one was an outperformer and
Speaker 3: then one. I don't know how much you guys were
Speaker 3: talking about this one, but TEGNA rallying after President Donald
Speaker 3: Trump said a proposed acquisition of the firm by TV
Speaker 3: broadcaster Nextdar Media Group. I guess he was kind of
Speaker 3: expressing support for the deal in a post on truth
Speaker 3: Social and so the post said no. Actually, our Geeta
Speaker 3: ringing off on a Bloomberg Intelligence came out and said,
Speaker 3: with President Trump and FCC chair Brendan Carr backing Next
Speaker 3: Star's Tenga deal, there's a greater likelihood of a closing
Speaker 3: this year. Soa tanngna. TEGNA say that five times fast
Speaker 3: up about eight point eight percent today's session.
Speaker 1: Okay, some of the gainers, I got some of the decliners.
Speaker 1: I want to start with him's and hers health. The
Speaker 1: shares fell sixteen percent today. They fell as much as
Speaker 1: twenty nine percent earlier in this session, lowest level going
Speaker 1: all the way back to October of twenty twenty four.
Speaker 1: This is the worst day at the end of the
Speaker 1: day since June twenty third for the company, Novo Nordisk
Speaker 1: said it's suing the company for making knockoffs of its
Speaker 1: OBCD medicines. This even after him scrap plans to sell
Speaker 1: a copycat version of the wee go v pill. Hers
Speaker 1: In a statement on X said quote, Novo Nordisk's lawsuit
Speaker 1: is a blatant attack by a Danish company on millions
Speaker 1: of Americans who rely on compounded medications for access to
Speaker 1: personalized care. All right, let's move on to Kindrel holding shares.
Speaker 1: This is the enterprise tech IBM spinoffs on off back
Speaker 1: in twenty twenty one, a large part of IBM's legacy
Speaker 1: infrastructure services unit. Down fifty five percent today, felt earlier
Speaker 1: in the session, this was the worst day ever. It
Speaker 1: was halted on volatility. This afternoons that Kindrel CFO David
Speaker 1: Weischner had left the position. General Counselor Edward Siebold Dear
Speaker 1: did the post effective immediately. Vinit Girana stepped down as
Speaker 1: senior vice president and global controller of the company and
Speaker 1: moved in a different role. Third quarter results also missed expectations.
Speaker 1: The company lowered it's full year forecast for adjusted IBADA
Speaker 1: and adjusted pre tax profit share shedding more than half
Speaker 1: of their market value just today and finally workday falling
Speaker 1: on the day today, it announced that Aneil Boucerie is
Speaker 1: returning a CEO, replacing Karl Eeschenbach. This after the company
Speaker 1: shares have plummeted over the past year, down five percent.
Speaker 1: Today shares are down more than forty five percent from
Speaker 1: last year, more than fifty percent from those twenty twenty
Speaker 1: four highs. This change effective immediately. Eeschenbach is stepping down
Speaker 1: as stepping down as a member of the board and
Speaker 1: staying on as a strategic advisor to a Neil Bouceri.
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