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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This stock Mover's 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 today.

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Speaker 1: I'm Nathan Hager, joined by Bloomberg's Stan Curtis, coming back

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Speaker 1: from a holiday, a long holiday weekend to the biggest

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Speaker 1: stock mover to the upside by a long shot. This morning, Dan,

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Speaker 1: what is happening with Seleno Therapeutics? Good morning, Good morning Nathan.

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Speaker 3: That's right, we just got a headline saying that the

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Speaker 3: trading is halted in the pre market pending news. This

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Speaker 3: comes after The Financial Times reported that Neurocrin is an

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Speaker 3: advanced talks to buy the rare disease biopharma company Soleno.

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Speaker 3: Citing people familiar with the matter. The report says Seleno

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Speaker 3: could be valued in a range of low to mid

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Speaker 3: fifty dollars a share, and that deal could come together

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Speaker 3: as soon as today. So with the with the halted

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Speaker 3: pending news, that seems like we might be getting some

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Speaker 3: news out shortly. Last year, Seleno won approval for a

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Speaker 3: drug to treat insatiable hunger caused by a genetic disorder.

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Speaker 3: Following that a short seller's Scorpion Capital accused the company

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Speaker 3: of clinical trial issues, safety and efficacy concerns with the drug.

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Speaker 3: Seleno said that the drugs launch was disrupted by the report,

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Speaker 3: but in February it said the US launch was well underway.

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Speaker 3: And now we're getting some news for the bulls in

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Speaker 3: this company.

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Speaker 1: And speaking of insatiable hunger, it seems like at least

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Speaker 1: one analyst thinks that's what consumers are feeling for Tyson Foods.

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Speaker 2: That's right.

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Speaker 3: Tyson was upgraded to overweight from neutral at Piper Sandler.

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Speaker 3: It is now the sixth by rating. The company also

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Speaker 3: has two seals and eight holds. Price target at seventy

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Speaker 3: five dollars a share, up from sixty one dollars. That

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Speaker 3: has shares up one percent in pre market trading around

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Speaker 3: sixty five dollars a share. The analyst notes the meat

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Speaker 3: company has strong top line momentum, and it's benefiting from

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Speaker 3: consumer shifting to protein, and that's also helping insulate it

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Speaker 3: from GLP one risks.

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Speaker 1: We're also seeing a pretty strong bid here this morning

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Speaker 1: for Applied Opto Electronics.

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Speaker 3: That's right, ticker AAoI Applied Opto Electronics is up over

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Speaker 3: six percent in the pre market. That's after announced a

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Speaker 3: new seventy one million dollar order from a hyperscale customer,

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Speaker 3: bringing that unnamed customers orders to over one hundred and

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Speaker 3: twenty million dollars in under a month. Applied opt To

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Speaker 3: Electronics is a relatively small company, but it is in

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Speaker 3: the optic space and that has seen an influxtion demand

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Speaker 3: amid the AI data center build out. Hyperscalers are looking

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Speaker 3: for ways to increase how fast they can transfer data

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Speaker 3: and that's boltering the shares, which are up nearly two

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Speaker 3: hundred percent so far this year. It's outpacing competitor Lumentum,

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Speaker 3: which was added to the S and P five hundred recently.

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Speaker 1: And that's not the only big tech name that's catching

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Speaker 1: a bid this morning.

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Speaker 2: That's right.

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Speaker 3: We have tech in general taking stocks higher with a

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Speaker 3: little bit of optimism this morning, although that optimism is

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Speaker 3: coming back. Memory stocks Micron Sanddisc are up about three

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Speaker 3: percent in the pre market. In video, which is one

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Speaker 3: of the key bell weathers, that's up about two tenths

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Speaker 3: of a percent. That's after we got an update from

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Speaker 3: the world's largest electronics manufacturer, hanhi the Taiwan based company,

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Speaker 3: reported nearly thirty percent rise in quarly sales in the

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Speaker 3: first three months of the year. That comes amid concerns

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Speaker 3: about the race to build out power hungry data centers

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Speaker 3: in the face of the Iron War, which is pressuring

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Speaker 3: energy prices, but so far it is looking strong based

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Speaker 3: on what Hanhaigh updated with us this weekend.

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Speaker 2: This 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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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

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Speaker 2: the Bloomberg Business out h