Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg.
Speaker 3: Data, it's got to look at some of the stocks
Speaker 3: on the move today. We can do that with Bloomberg
Speaker 3: Market's correspondent Normal Linda Nor.
Speaker 1: What are you looking at? Well, let's kick things off
Speaker 1: with Coinbase.
Speaker 4: We're looking at shares of Coinbase lower earlier, down as
Speaker 4: much as more than three percent, but they are pairing
Speaker 4: in at the climb pretty substantially, just below flat right
Speaker 4: now as we speak. This is Tacker COI in but
Speaker 4: we are seeing that JP Morgan did cut its price
Speaker 4: target on the stock by twenty seven percent.
Speaker 1: Now.
Speaker 4: The company's actually citing crypto volumes. We know that we've
Speaker 4: been seeing a bit of volatility, if you'll call it that,
Speaker 4: in the market last week.
Speaker 1: But I'm looking at bitcoin right now. Where is it.
Speaker 4: We're seeing it hanging around six sixty eight thousand roughly
Speaker 4: right now, so still looking down on the day, down
Speaker 4: about one point nine percent in trading.
Speaker 1: All right.
Speaker 4: Next up, looking at shares of Spotify in the green.
Speaker 4: This stock is really auditory today for its best day
Speaker 4: since twenty eighteen. We're seeing shares soaring as much as
Speaker 4: nineteen percent, and this is after the company reported that
Speaker 4: it's paid premium subscriptions has increased by ten percent. So
Speaker 4: the company is actually pointing toward its wrapped campaign, which
Speaker 4: I'm sure all of you remember. At the end of
Speaker 4: the year, that's when Spotify releases what your top songs
Speaker 4: have been for the year, and they're saying that they
Speaker 4: feel as of that campaign, as well as a launch
Speaker 4: of an enhanced free tier, has really helped uspur growth.
Speaker 1: Do you guys do the rats campaign?
Speaker 3: First of all, let's just start basics. I am not
Speaker 3: a Spotify subscriber. Okay, are you those Spotify?
Speaker 1: I am?
Speaker 5: Are you?
Speaker 3: John So two and two?
Speaker 1: I have to thank you for that?
Speaker 3: All right? So no, I'm not a but so.
Speaker 1: Where are you?
Speaker 4: What are you?
Speaker 1: Pandora? What's terrestrial radio? Interrestial radio? Serious?
Speaker 3: XM oh?
Speaker 1: Okay, that's good, that's good.
Speaker 5: Yeah, Yeah, I do Pandora, but I don't pay for it.
Speaker 5: I have to listen to all their stupid commercials. And
Speaker 5: when you do, like listen to one of their channels,
Speaker 5: it's the same songs over and over.
Speaker 2: Does ers XM two Like I like to listen to
Speaker 2: the eighties channel or the nineties channel.
Speaker 1: It's the same songs over and over again. I'm a
Speaker 1: little bit earlier, just when it gets the vibe.
Speaker 3: B it give us one more here.
Speaker 1: Well, let's take a look at Data Dog.
Speaker 4: We're seeing shares up as much as seventeen percent on
Speaker 4: the day. This is ticker dd OG. This stock is
Speaker 4: hitting its best days since November, and this is after
Speaker 4: its first fourth quarter results beat expectations. Though some analysts
Speaker 4: are calling out and they think that the outlook looks
Speaker 4: a tad bit conservative conservative, but overall they say that
Speaker 4: this stock has really gotten caught up in the broad
Speaker 4: based selloff of software names. It's still down more than
Speaker 4: forty percent since his November peak, but on the day,
Speaker 4: essentially this tree is really digesting that fourth quarter results speed.
Speaker 1: That's really pushing this stock along.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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