WEBVTT - SpaceX Jumps, Adaptive Biotechnologies Slides, Dave & Buster's Lower

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

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Jimstanovec along with Carol Masser. Let's take a look

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<v Speaker 1>at some stocks on the move today. We've got a

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<v Speaker 1>Bloomberg New Stocks reporter Carmen Reinikey with US professor Reinikey.

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<v Speaker 1>She's here. All right, I know what you're starting with.

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<v Speaker 1>I just it has to be right.

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<v Speaker 3>The one it's top of everyone's mind today. It's SpaceX

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<v Speaker 3>ticker SPCX. Second day of trading, first full day of

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<v Speaker 3>trading because obviously Friday it only traded about half the session.

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<v Speaker 3>Shares up twenty percent today, extending Friday's nineteen percent rally.

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<v Speaker 3>This added four hundred and twelve billion dollars in market

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<v Speaker 3>value to this stock today. It's still you know, I

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<v Speaker 3>think it's the top among the top six most valuable

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<v Speaker 3>companies in the world, and it's actually gaining ground, getting

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<v Speaker 3>much closer to passing Amazon, which has about two point

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<v Speaker 3>seven trillion valuation. SpaceX end of the day at two

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<v Speaker 3>point five trillion.

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<v Speaker 1>It's amazing. Yeah, I'm just looking at Elon Musk. According

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<v Speaker 1>to the Bloomberg terminal, at least this class of shares.

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<v Speaker 1>And this is complicated, but out of the outstanding shares

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<v Speaker 1>that are traded here, right, he owns eleven and a

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<v Speaker 1>half percent of them. He's the largest shareholder. The market

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<v Speaker 1>value of those shares is one hundred and thirty six

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<v Speaker 1>point seven billion.

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<v Speaker 4>You nobody really controls the voting rights.

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<v Speaker 2>Yeah.

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<v Speaker 3>Yeah.

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<v Speaker 1>And also and this is not you know, he owns

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<v Speaker 1>more than that. Yeah, but that's just this class of shares.

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<v Speaker 4>One thing I want to ask you, Carmen, do we

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<v Speaker 4>know when do we start to see a short position?

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<v Speaker 4>Like does the stock have to be trading after a

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<v Speaker 4>certain amount of time?

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<v Speaker 3>Yeah, so I think data starts coming in the next

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<v Speaker 3>couple of days, Okay, And that's I mean, that's something

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<v Speaker 3>I'll be watching very closely. Especially we have low float here.

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<v Speaker 3>I'm sure people are wanting to jump in, especially after

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<v Speaker 3>you know, forty percent gain in two days.

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<v Speaker 4>Not too shabby, not too shabby. It'll be interesting too

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<v Speaker 4>to see how it trades the rest of the week.

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<v Speaker 1>Mark is one of the biggest shareholders. Kathy Wood's been

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<v Speaker 1>an Elon as you remind us an Elon supporter for

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<v Speaker 1>many years, but she's the ARC invest has. Uh it

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<v Speaker 1>looks like a top ten position, which.

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<v Speaker 4>Doesn't surprise me because certainly I'm a supporter. And yeah, exactly,

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<v Speaker 4>I think Tesla's the number one position right in the in.

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<v Speaker 1>The oh, I don't know. I'm just looking at the

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<v Speaker 1>ownership of Space.

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<v Speaker 4>Oh okay, yes, oh, I see what you're saying. Sorry,

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<v Speaker 4>I was like flipping around to the fund.

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<v Speaker 3>What were you looking at?

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<v Speaker 1>Yeah, this is the HBO Space terminal.

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<v Speaker 4>Sorry, could you guys get these two? She's like, I did.

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<v Speaker 1>I did you such a favor. I came and talked

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<v Speaker 1>about my big take. I stuck around to do stocks

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<v Speaker 1>on the move.

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<v Speaker 2>Now She's just like, what's what these do?

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<v Speaker 3>I can't see over there either, so I'm like, turn

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<v Speaker 3>turn the terminal.

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<v Speaker 2>It's just this is what we do.

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<v Speaker 4>We just like start playing around with you know what's

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<v Speaker 4>on the terminal? Number two?

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<v Speaker 3>All right, So we're looking at shares of Adaptive Biotechnologies.

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<v Speaker 3>This is down in the aftermarket. This is TAKR, a

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<v Speaker 3>DPT share. They're down about six six point four percent

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<v Speaker 3>right now. So this company said it plans to offer

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<v Speaker 3>two hundred and fifty million convertible senior notes. It also

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<v Speaker 3>announced that it's going to pursue a separation of it's

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<v Speaker 3>hand like two separate business lines, so minimal residual disease

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<v Speaker 3>and immune medicine businesses. So we're seeing shares down here

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<v Speaker 3>in the after hours. I was actually looking at the

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<v Speaker 3>year to date chart. It's down about one percent, but

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<v Speaker 3>it's very choppy trading.

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<v Speaker 4>Okay, it's certainly taking a hit here in the aftermarket.

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<v Speaker 4>Number three, great ticker.

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<v Speaker 3>Yes, let's look at one that's a lot of fun.

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<v Speaker 3>This is tape investors, ticker play Play. So shares are

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<v Speaker 3>down four point three percent right now in after hours.

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<v Speaker 3>It reported earnings after the bell, and looks like what

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<v Speaker 3>investors are reacting to is revenue for the first quarter

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<v Speaker 3>that missed the average analyst estimate, so came in a

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<v Speaker 3>little bit lower than expected. It looked like the entertainment

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<v Speaker 3>revenue sort of way down things there, as opposed to

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<v Speaker 3>food and beverage, which was a little bit higher than

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<v Speaker 3>what analysts expected.

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<v Speaker 4>I don't think I've ever been to a Dave Embusters.

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<v Speaker 1>Oh I have you think of New Jersey or Yeah,

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<v Speaker 1>just outside of the city.

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<v Speaker 3>I've definitely never been to one.

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<v Speaker 4>What kind of games are you playing?

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<v Speaker 1>We were This was when I was in graduate school.

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<v Speaker 1>We all just met at one because we were at

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<v Speaker 1>this like retreat that was and that was the only

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<v Speaker 1>place to go meet. It was just a bar and

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<v Speaker 1>wings and stuff. Okay, but I did go to a

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<v Speaker 1>Chuck E Cheese for I've been to Chuck E Cheese

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<v Speaker 1>a kid's birthday.

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<v Speaker 4>Can I say I really liked it.

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<v Speaker 1>It was really nice. I know they have done a

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<v Speaker 1>great job at least at this Chuck E Cheese, Like

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<v Speaker 1>everything was clean. Yeah, that was the worst. Kids climbing

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<v Speaker 1>over yes, no, No, it's more games than like jumping

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<v Speaker 1>in ball pits these days. It was pretty cool, very

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<v Speaker 1>digital these days.

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<v Speaker 2>I love it. I love it.

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<v Speaker 1>And they give you secret stamps on your on your

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<v Speaker 1>wrist so you make sure you take the right kid home. Truly.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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