Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Steadewek along with Carol Masser. Let's take a
Speaker 1: look at some stocks on the move today. We're joined
Speaker 1: by Bloomberg News Equities reporter Avalon Parnell Avalon. What are
Speaker 1: you watching?
Speaker 3: You can go ahead and start off with City Group.
Speaker 3: That's ticker. See it rose two point six percent into
Speaker 3: the close to end at its highest level since two
Speaker 3: thousand and eight, which we all know why. That's a
Speaker 3: big deal considering they've been in the midst of a
Speaker 3: pretty long turnaround, and that's after the banklogged it's best
Speaker 3: returns in five years despite a pretty volatile first quarter.
Speaker 3: I think we can all say in the markets, Ana
Speaker 3: Lyts say that the print was welcome news for many investors,
Speaker 3: and Piper Sandler writing that the results were better than
Speaker 3: expected nearly across the board.
Speaker 2: That is wild.
Speaker 3: Yeah, I feel like, considering what's not happening the base
Speaker 3: outside of it was very easy to kind of get
Speaker 3: focused on the downside, but clearly a little bit of
Speaker 3: upside in city.
Speaker 4: I mean there was a point with that stock drop
Speaker 4: down to nothing dollar a share?
Speaker 1: Where when was that? Two thousand and.
Speaker 4: Eight and where I'm looking at my chart two thousand
Speaker 4: and nine eight?
Speaker 1: Is that right it?
Speaker 4: I think maybe it was intra day, but it was
Speaker 4: like nothing, I keep saying a dollar share, So God,
Speaker 4: wouldn't that be terrible? Like okay, I'm just looking at
Speaker 4: the chart. But it's really remarkable how much that we've
Speaker 4: seen it go. I mean, it really did nothing for
Speaker 4: such a long yeah, long long time. Okay, Okay, that's
Speaker 4: what happened avalon and we give her all the.
Speaker 1: Time because she comes in at four fifty.
Speaker 4: Well, you say things that actually make us like think
Speaker 4: and want to look more. It's really good anyway, go ahead, all.
Speaker 1: Right, So let's go to some tech players.
Speaker 3: Yes, so we have Adobe that's took her ADB and Figma,
Speaker 3: which is to or fig very easy to remember. Big
Speaker 3: Mus slid about four percent and Adobe dipped to one
Speaker 3: point eight percent into the close. That's after the Information
Speaker 3: reported that Anthropic is preparing its next flagship model, Claude Opus.
Speaker 3: I kind of like that name. It's also preparing some
Speaker 3: AI tools for designing websites and presentations, and practically everyone
Speaker 3: continues to be scared about what exactly does that mean
Speaker 3: for stocks like Adobe and Pigma, which are pretty big
Speaker 3: software players in this space. Bloomberg Intelligence writing that they
Speaker 3: expect the headline risk related to AI disruption to be
Speaker 3: amplified with the release of Anthropics new model, and that
Speaker 3: it will especially impact Figma and Adobe.
Speaker 1: Bigma's down more than fifty percent this year. Yes, do
Speaker 1: you remember this was a stock that after its IPO. Yeah,
Speaker 1: one hundred and twenty two dollars a share. This is
Speaker 1: back in August of twenty twenty five. It's now down
Speaker 1: eighty five percent since then.
Speaker 3: Wow.
Speaker 4: Yeah, that's a big that's a big drop.
Speaker 1: That's huge. So this is Nowgma now has a marketing
Speaker 1: tap about nine point six billion dollars. Okay, you got
Speaker 1: me thinking about Figma.
Speaker 2: See this is what you do.
Speaker 1: I know it is.
Speaker 4: It's really cool.
Speaker 1: Actually, you make us think you do.
Speaker 4: You make us like like we're looking at something that
Speaker 4: we maybe weren't looking at before.
Speaker 1: It's very cool and remind us of the trouble we
Speaker 1: have sticking to a single task. That's also true. We
Speaker 1: really Okay, one of the reasons we love talking to
Speaker 1: you is because your connection to healthcare.
Speaker 3: Absolutely, so we can end with Travie Therapeutics. That's ticker TVTX.
Speaker 3: Maybe you haven't heard of this name, but it surged
Speaker 3: thirty seven percent to hit its highest level since two
Speaker 3: thousand and five, and that's after the biotech's treatment for
Speaker 3: a rare kidney disease one FDA approval in the US.
Speaker 3: TD Cohen writing that the approval is a hamewark event,
Speaker 3: especially considering this is the first and only therapy for
Speaker 3: this rare kidney disease. Current estimates are about forty thousand
Speaker 3: people in the US are impacted by it, So definitely
Speaker 3: good news for the patients and also for a stock.
Speaker 4: Yeah, absolutely like a solution. Hey, I just want you
Speaker 4: to know I did go back and just checked on city.
Speaker 4: It wasn't like, you know, crazy, here we go. They
Speaker 4: briefly trade a below a dollar, hitting ninety seven cents
Speaker 4: intra day on March in March fifth, two thousand and nine.
Speaker 4: I remember because I remember thinking, you know, why did
Speaker 4: you just throw like one thousand dollars or something that
Speaker 4: you know we were so in it and you know
Speaker 4: we have it would be up six, I mean.
Speaker 1: Or more no, no, no, for what was it? It
Speaker 1: was a dollar, it was below a.
Speaker 4: Dollar for a moment. Wow, Like it's just like at
Speaker 4: the depth of the financial crisis. So it's just you know,
Speaker 4: you kind of think about it. But for a very
Speaker 4: long time the stock didn't go anywhere if you look
Speaker 4: at the chart. But interesting to see kind of where
Speaker 4: it is today.
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