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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 today.

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Speaker 1: I'm Tim Stanovieck along with Nora Melinda. We're joined by

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Speaker 1: Bloomberg News Cross asset reporter Danita Sikova Denitza. What is

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Speaker 1: on your radar?

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Speaker 3: Let's start with the news of the day. Kirrig and

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Speaker 3: Dr Pepper agreed to buy JD. Pete's for eighteen billion,

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Speaker 3: but we're not getting quite the reaction they were hoping for. Ticker,

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Speaker 3: of course, is KDP, and shares fell more than ten percent.

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Speaker 3: This is the biggest in dirty drop in more than

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Speaker 3: five years. So the company we paid twenty percent premium

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Speaker 3: over the closing price of August twenty twenty two. What

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Speaker 3: we're seeing here is curig plans to separate its coffee

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Speaker 3: and soft drinks unit in two parts. Is kind of

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Speaker 3: undoing the twenty eighteen takeover they head of Doctor Pepper.

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Speaker 3: But what people are worried about is S and pnalysts

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Speaker 3: are warning that they may cut the company's credit rating

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Speaker 3: due to plants to significantly increase it. That hence the

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Speaker 3: reaction we're seeing. Obviously, the coffee business has been struggling

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Speaker 3: a lot. We have high being prices, we have a

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Speaker 3: lot of quality there. Other beverages have been doing better.

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Speaker 3: Hence maybe the split in two businesses makes sense. That's

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Speaker 3: that curric is down three percent here today. A lot

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Speaker 3: of pressure.

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Speaker 4: Yeah, definitely seeing a bit of pressure there. Let's look

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Speaker 4: at shares of Roadblocks. What's going on there with that company?

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Speaker 3: Does in company shares jump as much as eight point

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Speaker 3: five percent. It's a little bit lower now, but it

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Speaker 3: comes off a wet bush. Defending the stock, I make

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Speaker 3: legal threats. In the last few weeks, we've seen seven

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Speaker 3: complaints that have been found against the company. The suits

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Speaker 3: claim that predators are targeting children. Wet Blocks wet bushes.

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Speaker 3: Actually seeing that Roadblocks continues to be quick to response

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Speaker 3: with mean for actions and its seeing optimism. They go

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Speaker 3: as far to say that this is the most compelling

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Speaker 3: growth opportunity in the video game sector, and clearly the

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Speaker 3: stock is reacting to that. Reblox actually has twenty five buys,

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Speaker 3: seven holds, and four sales. So there are a lot

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Speaker 3: of other optimists among analysts.

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Speaker 1: All right, and finally you are watching Olaplex Holdings. They

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Speaker 1: do the haircare firm that IPO last year, I.

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Speaker 3: Believe a few years back. It has been years. It's

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Speaker 3: been a few yeers, but it's been a few pretty

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Speaker 3: tough years. It was down thirty two percent last year,

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Speaker 3: it's down ten percent this year. But today we're seeing

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Speaker 3: some relief. The company is about twelve percent. It's coming

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Speaker 3: off a countercord genuineity turning bullish. So what they're seeing

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Speaker 3: is that the hair company is seeing some brander inmigration.

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Speaker 3: They hired some executives from Warrial and Nike, so that's

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Speaker 3: one boost. The brand is finally seeing sales and margins stabilize.

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Speaker 3: So we're seeing some optimist that said this is the

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Speaker 3: only bullish on list on the stoke. The ticker is

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Speaker 3: all lp X, and as we said, it's had a

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Speaker 3: pretty rough start of the year, pretty lolf year last year,

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Speaker 3: and we had this great story about how Oliplex was

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Speaker 3: like a social media favorite. Yeah, and then it turned

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Speaker 3: into like a TikTok disaster because everyone was.

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Speaker 4: Talking about the fact that they were having scalp issues,

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Speaker 4: hair loss and all these other things. But then there

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Speaker 4: was also some anecdotal evidence that people were leaving the

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Speaker 4: products in their hair for too long, and so that's

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Speaker 4: also what was causing some of those issues.

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Speaker 3: But they work became social media.

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Speaker 1: I have to I have to crrack myself this IPO

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Speaker 1: in one Yes, it's been where is the time gone?

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Speaker 3: I know it, but it hasn't had a single positive

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Speaker 3: ear every year it's done.

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Speaker 1: So this is so now. Cnic Or Genuity is the

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Speaker 1: only buy rating on the company.

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Speaker 4: Stoly shares are done nine two percent for the past

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Speaker 4: five years.

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Speaker 1: Okay, it's been it's been pretty boot brutal. So a

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Speaker 1: rare day of green for Olaflex Holdings.

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Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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