Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jimstanovec along with Carol Masser. Let's take a look
Speaker 1: at some stocks on the move today. We've got a
Speaker 1: Bloomberg New Stocks reporter Carmen Reinikey with US professor Reinikey.
Speaker 1: She's here. All right, I know what you're starting with.
Speaker 1: I just it has to be right.
Speaker 3: The one it's top of everyone's mind today. It's SpaceX
Speaker 3: ticker SPCX. Second day of trading, first full day of
Speaker 3: trading because obviously Friday it only traded about half the session.
Speaker 3: Shares up twenty percent today, extending Friday's nineteen percent rally.
Speaker 3: This added four hundred and twelve billion dollars in market
Speaker 3: value to this stock today. It's still you know, I
Speaker 3: think it's the top among the top six most valuable
Speaker 3: companies in the world, and it's actually gaining ground, getting
Speaker 3: much closer to passing Amazon, which has about two point
Speaker 3: seven trillion valuation. SpaceX end of the day at two
Speaker 3: point five trillion.
Speaker 1: It's amazing. Yeah, I'm just looking at Elon Musk. According
Speaker 1: to the Bloomberg terminal, at least this class of shares.
Speaker 1: And this is complicated, but out of the outstanding shares
Speaker 1: that are traded here, right, he owns eleven and a
Speaker 1: half percent of them. He's the largest shareholder. The market
Speaker 1: value of those shares is one hundred and thirty six
Speaker 1: point seven billion.
Speaker 4: You nobody really controls the voting rights.
Speaker 2: Yeah.
Speaker 3: Yeah.
Speaker 1: And also and this is not you know, he owns
Speaker 1: more than that. Yeah, but that's just this class of shares.
Speaker 4: One thing I want to ask you, Carmen, do we
Speaker 4: know when do we start to see a short position?
Speaker 4: Like does the stock have to be trading after a
Speaker 4: certain amount of time?
Speaker 3: Yeah, so I think data starts coming in the next
Speaker 3: couple of days, Okay, And that's I mean, that's something
Speaker 3: I'll be watching very closely. Especially we have low float here.
Speaker 3: I'm sure people are wanting to jump in, especially after
Speaker 3: you know, forty percent gain in two days.
Speaker 4: Not too shabby, not too shabby. It'll be interesting too
Speaker 4: to see how it trades the rest of the week.
Speaker 1: Mark is one of the biggest shareholders. Kathy Wood's been
Speaker 1: an Elon as you remind us an Elon supporter for
Speaker 1: many years, but she's the ARC invest has. Uh it
Speaker 1: looks like a top ten position, which.
Speaker 4: Doesn't surprise me because certainly I'm a supporter. And yeah, exactly,
Speaker 4: I think Tesla's the number one position right in the in.
Speaker 1: The oh, I don't know. I'm just looking at the
Speaker 1: ownership of Space.
Speaker 4: Oh okay, yes, oh, I see what you're saying. Sorry,
Speaker 4: I was like flipping around to the fund.
Speaker 3: What were you looking at?
Speaker 1: Yeah, this is the HBO Space terminal.
Speaker 4: Sorry, could you guys get these two? She's like, I did.
Speaker 1: I did you such a favor. I came and talked
Speaker 1: about my big take. I stuck around to do stocks
Speaker 1: on the move.
Speaker 2: Now She's just like, what's what these do?
Speaker 3: I can't see over there either, so I'm like, turn
Speaker 3: turn the terminal.
Speaker 2: It's just this is what we do.
Speaker 4: We just like start playing around with you know what's
Speaker 4: on the terminal? Number two?
Speaker 3: All right, So we're looking at shares of Adaptive Biotechnologies.
Speaker 3: This is down in the aftermarket. This is TAKR, a
Speaker 3: DPT share. They're down about six six point four percent
Speaker 3: right now. So this company said it plans to offer
Speaker 3: two hundred and fifty million convertible senior notes. It also
Speaker 3: announced that it's going to pursue a separation of it's
Speaker 3: hand like two separate business lines, so minimal residual disease
Speaker 3: and immune medicine businesses. So we're seeing shares down here
Speaker 3: in the after hours. I was actually looking at the
Speaker 3: year to date chart. It's down about one percent, but
Speaker 3: it's very choppy trading.
Speaker 4: Okay, it's certainly taking a hit here in the aftermarket.
Speaker 4: Number three, great ticker.
Speaker 3: Yes, let's look at one that's a lot of fun.
Speaker 3: This is tape investors, ticker play Play. So shares are
Speaker 3: down four point three percent right now in after hours.
Speaker 3: It reported earnings after the bell, and looks like what
Speaker 3: investors are reacting to is revenue for the first quarter
Speaker 3: that missed the average analyst estimate, so came in a
Speaker 3: little bit lower than expected. It looked like the entertainment
Speaker 3: revenue sort of way down things there, as opposed to
Speaker 3: food and beverage, which was a little bit higher than
Speaker 3: what analysts expected.
Speaker 4: I don't think I've ever been to a Dave Embusters.
Speaker 1: Oh I have you think of New Jersey or Yeah,
Speaker 1: just outside of the city.
Speaker 3: I've definitely never been to one.
Speaker 4: What kind of games are you playing?
Speaker 1: We were This was when I was in graduate school.
Speaker 1: We all just met at one because we were at
Speaker 1: this like retreat that was and that was the only
Speaker 1: place to go meet. It was just a bar and
Speaker 1: wings and stuff. Okay, but I did go to a
Speaker 1: Chuck E Cheese for I've been to Chuck E Cheese
Speaker 1: a kid's birthday.
Speaker 4: Can I say I really liked it.
Speaker 1: It was really nice. I know they have done a
Speaker 1: great job at least at this Chuck E Cheese, Like
Speaker 1: everything was clean. Yeah, that was the worst. Kids climbing
Speaker 1: over yes, no, No, it's more games than like jumping
Speaker 1: in ball pits these days. It was pretty cool, very
Speaker 1: digital these days.
Speaker 2: I love it. I love it.
Speaker 1: And they give you secret stamps on your on your
Speaker 1: wrist so you make sure you take the right kid home. Truly.
Speaker 2: This 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
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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