WEBVTT - Atlassian Surges, Airbnb Jumps, Sweetgreen Tumbles

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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 3>I'm Tim Statobek along with Carol Masser. Let's take a

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<v Speaker 3>look at the stocks on the move. We've got Matthew

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<v Speaker 3>Griffin with us Bloomberg News, us acuts reporter with today's

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<v Speaker 3>stock movers.

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<v Speaker 4>Hey Matthew, Hey Tim, how are you doing at the

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<v Speaker 4>end of the week.

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<v Speaker 3>Yeah, I mean we got here kinda. We're on our

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<v Speaker 3>way there. I'll tell you in about two and a

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<v Speaker 3>half hours.

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<v Speaker 1>Let's talk about some of the stocks on the move.

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<v Speaker 1>We had some big moves this week, even in today's session.

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<v Speaker 1>We're gonna kick it off with that last CN.

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<v Speaker 2>Yes.

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<v Speaker 4>Well, Carol ed Lassian is one of the biggest movers today.

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<v Speaker 4>That stock ticker team up about thirty six percent, now

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<v Speaker 4>actually having its best day ever. The software company gave

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<v Speaker 4>a revenue outlook for the current quarter that was better

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<v Speaker 4>than Wall Street expected. That's for revenue of as much

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<v Speaker 4>as one point seven two billion dollars analysts looking for

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<v Speaker 4>just one point sixty seven and as is usually the

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<v Speaker 4>case with software companies, that's being interpreted in the context

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<v Speaker 4>of the AI story, the SaaS apocalypse story, what it

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<v Speaker 4>says about the future. Seems like that number is comforting

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<v Speaker 4>investors a little bit about at Lassian's place in the

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<v Speaker 4>age of AI, maybe even some of the benefits they'll

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<v Speaker 4>get from software that works with AI.

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<v Speaker 3>I'm really glad you went there, because if you look

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<v Speaker 3>at a longer term chart for this company, I mean,

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<v Speaker 3>this was a stock that was about four hundred and

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<v Speaker 3>fifty dollars a share. It hit a high of in

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<v Speaker 3>twenty twenty one of four to fifty eight. It's now

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<v Speaker 3>training at one fifty a share. So it's still down

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<v Speaker 3>about sixty seven percent from that high back in twenty

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<v Speaker 3>twenty one. So if even with today's move of what

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<v Speaker 3>thirty six percent right now, thirty seven percent of the upside, Yeah,

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<v Speaker 3>it's got a long way to go to get back there.

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<v Speaker 1>Yeah, still down seven percent here to date and you've

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<v Speaker 1>got eleven percent of the float short. So the sentiment

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<v Speaker 1>on a name like this Matthew right, you know, it's

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<v Speaker 1>it's a negative sentiment, but we understand what's been going

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<v Speaker 1>on in this space. But definitely an outperformer in today's

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<v Speaker 1>session I might steal it from my gainers.

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<v Speaker 3>Absolutely, I haven't kind of I looked over there and

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<v Speaker 3>saw you taking notes on what he was saying.

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<v Speaker 1>I haven't done my list yet, but this may make

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<v Speaker 1>it all right. Let's flip it on over to also

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<v Speaker 1>another high flyer today, and we're talking about Airbnb.

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<v Speaker 4>Yes, and Airbnb also in tech, but we've got a

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<v Speaker 4>different reason here, which is travel demand is really strong

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<v Speaker 4>and it's very resilient. That stock ticker AB and B

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<v Speaker 4>up fifteen percent right now. After Airbnb raised its revenue

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<v Speaker 4>outlook for the second time this year. They now see

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<v Speaker 4>at least a mid teens percentage increase in revenue for

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<v Speaker 4>the full year. That prior outlook was for low to

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<v Speaker 4>mid teens demand. They said, strong in North America, strong

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<v Speaker 4>in other important markets like the UK, like Australia. One

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<v Speaker 4>thing I thought was interesting they have this kind of

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<v Speaker 4>newer business of renting out boutique hotel rooms.

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<v Speaker 1>That this is fascinating.

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<v Speaker 4>Go. Yeah, they got into that, or at least really

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<v Speaker 4>expanded it because cities were putting restrictions on short term rentals,

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<v Speaker 4>but it has proven to be such a strong growth driver,

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<v Speaker 4>growing multiple times the rate of their core you know,

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<v Speaker 4>renting out homes business that they're expanding it into other

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<v Speaker 4>cities that don't have this kind of restriction. It's a

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<v Speaker 4>small part of the business right now, but really contributing

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<v Speaker 4>to those growth numbers.

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<v Speaker 3>That's so interesting.

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<v Speaker 4>Yeah.

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<v Speaker 1>Yeah, So it's like basically, I guess a hotel like

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<v Speaker 1>just yeah, they're on their website right as New York, Paris.

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<v Speaker 3>London, Madrid. The services business. It's also begun selling resort

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<v Speaker 3>passes to give guess access to amenities at hotels. So

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<v Speaker 3>better a one stop shop.

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<v Speaker 1>Yeah, better than right for a hotel, like it's staying empty, right,

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<v Speaker 1>so you get some revenue.

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<v Speaker 3>Speaking of empty, I went to Sweet Green today and

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<v Speaker 3>it was empty.

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<v Speaker 4>Truly.

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<v Speaker 3>I couldn't believe it on a granted it's a Friday,

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<v Speaker 3>but tell us what the stock is doing quickly?

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<v Speaker 4>Yeah, well, consumers, they're wary. That stock ticker SG down

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<v Speaker 4>almost nine percent. They cut a full year outlook for

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<v Speaker 4>sales at established restaurant now see that down as much

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<v Speaker 4>as eight percent because of this cyclospora parasite outbreak. They

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<v Speaker 4>haven't been personally affected. They don't even sell Iceberg lettuce,

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<v Speaker 4>which is you know what's been connected to it by

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<v Speaker 4>health authorities, but they say consumers are very cautious right now.

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<v Speaker 1>Yeah, it's it's kind of tough, and I get it, Like,

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<v Speaker 1>if you're a consumer, you just kind of are going

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<v Speaker 1>to be careful. I know how you doing there, buddy, How.

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<v Speaker 3>Are you feeling.

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<v Speaker 1>How's your telling me?

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<v Speaker 3>It's great?

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<v Speaker 1>All right, We're going to keep an eye on him,

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<v Speaker 1>all right, and we'll see.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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