WEBVTT - Closing Bell: Applovin, Oracle Rise; Hims & Hers Health, Workday Fall

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is the closing bell on the stock movers report

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<v Speaker 2>the company's making moves at the close of US trading,

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<v Speaker 2>with Carol Masser, Tim Stenovak, Romain Bostik, and Katie Greifel.

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<v Speaker 3>All Right, so let's go to the number one gainer

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<v Speaker 3>in the S and P five hundred and the Nasdaq

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<v Speaker 3>one hundred. We're talking about app Lovin up about fourteen

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<v Speaker 3>thirteen percent, let's be fair, thirteen percent here in today's session,

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<v Speaker 3>up the most to nearly a year, city saying clients

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<v Speaker 3>are up week over week. They cited some store leads

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<v Speaker 3>data that suggests the app loven has nearly sixty four

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<v Speaker 3>hundred e commerce clients through February six, So that's up

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<v Speaker 3>about three percent from the prior week. I'm thinking probably

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<v Speaker 3>too at play here. Barons was kind of highlighting this.

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<v Speaker 3>A financial publisher and short seller retracted some of its

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<v Speaker 3>most explosive claims regarding app Leven's alleged connections to transnational

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<v Speaker 3>crime syndicates. What Capital Watch don't I don't know.

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<v Speaker 2>What does this company even do?

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<v Speaker 1>I mean, did they name themselves after a character from

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<v Speaker 1>Super Bad?

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<v Speaker 3>Companies Platform matches advertisers with mobile app and game publishers.

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<v Speaker 3>Does that answer the question?

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<v Speaker 2>Absolutely? Two hundred and sixty billion dollar company.

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<v Speaker 3>I know, stockdown more than thirty percent year to date,

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<v Speaker 3>reports earnings on Wednesday after the close. But anyway, so

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<v Speaker 3>this capital watch apparently came out and did retract some

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<v Speaker 3>of these explosive claims. So I don't know. There's a

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<v Speaker 3>lot going on.

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<v Speaker 2>They provide end to end software and AI solutions, software

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<v Speaker 2>solutions solutions.

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<v Speaker 3>All right, well done, team, well done. All right, let's

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<v Speaker 3>go to another name, Oracle. This was a top gainer

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<v Speaker 3>two in the s and P five hundred the stock

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<v Speaker 3>in today's session you can see higher as much as

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<v Speaker 3>almost twelve percent of its highs today up though with

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<v Speaker 3>about a nine point six percent gain at the close.

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<v Speaker 3>Bernstein cut its price target milliast downgrade the stock, but

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<v Speaker 3>everybody focusing on DA Davidson, which upgraded the stock to

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<v Speaker 3>buy from neutral, maintaining the price target or from one eighty?

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<v Speaker 3>Did it actually I think it? No? Did it maintain

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<v Speaker 3>I guess it did from one to eighty. So what's

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<v Speaker 3>interesting is the analyst note saying the fate of the

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<v Speaker 3>stock is heavily tied to open AI and to a

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<v Speaker 3>lesser extent TikTok, but those relationships could pay off, according

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<v Speaker 3>to Da Davidson, So that one was an outperformer and

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<v Speaker 3>then one. I don't know how much you guys were

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<v Speaker 3>talking about this one, but TEGNA rallying after President Donald

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<v Speaker 3>Trump said a proposed acquisition of the firm by TV

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<v Speaker 3>broadcaster Nextdar Media Group. I guess he was kind of

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<v Speaker 3>expressing support for the deal in a post on truth

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<v Speaker 3>Social and so the post said no. Actually, our Geeta

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<v Speaker 3>ringing off on a Bloomberg Intelligence came out and said,

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<v Speaker 3>with President Trump and FCC chair Brendan Carr backing Next

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<v Speaker 3>Star's Tenga deal, there's a greater likelihood of a closing

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<v Speaker 3>this year. Soa tanngna. TEGNA say that five times fast

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<v Speaker 3>up about eight point eight percent today's session.

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<v Speaker 1>Okay, some of the gainers, I got some of the decliners.

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<v Speaker 1>I want to start with him's and hers health. The

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<v Speaker 1>shares fell sixteen percent today. They fell as much as

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<v Speaker 1>twenty nine percent earlier in this session, lowest level going

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<v Speaker 1>all the way back to October of twenty twenty four.

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<v Speaker 1>This is the worst day at the end of the

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<v Speaker 1>day since June twenty third for the company, Novo Nordisk

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<v Speaker 1>said it's suing the company for making knockoffs of its

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<v Speaker 1>OBCD medicines. This even after him scrap plans to sell

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<v Speaker 1>a copycat version of the wee go v pill. Hers

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<v Speaker 1>In a statement on X said quote, Novo Nordisk's lawsuit

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<v Speaker 1>is a blatant attack by a Danish company on millions

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<v Speaker 1>of Americans who rely on compounded medications for access to

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<v Speaker 1>personalized care. All right, let's move on to Kindrel holding shares.

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<v Speaker 1>This is the enterprise tech IBM spinoffs on off back

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<v Speaker 1>in twenty twenty one, a large part of IBM's legacy

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<v Speaker 1>infrastructure services unit. Down fifty five percent today, felt earlier

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<v Speaker 1>in the session, this was the worst day ever. It

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<v Speaker 1>was halted on volatility. This afternoons that Kindrel CFO David

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<v Speaker 1>Weischner had left the position. General Counselor Edward Siebold Dear

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<v Speaker 1>did the post effective immediately. Vinit Girana stepped down as

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<v Speaker 1>senior vice president and global controller of the company and

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<v Speaker 1>moved in a different role. Third quarter results also missed expectations.

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<v Speaker 1>The company lowered it's full year forecast for adjusted IBADA

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<v Speaker 1>and adjusted pre tax profit share shedding more than half

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<v Speaker 1>of their market value just today and finally workday falling

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<v Speaker 1>on the day today, it announced that Aneil Boucerie is

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<v Speaker 1>returning a CEO, replacing Karl Eeschenbach. This after the company

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<v Speaker 1>shares have plummeted over the past year, down five percent.

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<v Speaker 1>Today shares are down more than forty five percent from

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<v Speaker 1>last year, more than fifty percent from those twenty twenty

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<v Speaker 1>four highs. This change effective immediately. Eeschenbach is stepping down

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<v Speaker 1>as stepping down as a member of the board and

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<v Speaker 1>staying on as a strategic advisor to a Neil Bouceri.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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