WEBVTT - Micron Soars, Dell Falls, Bio-Techne Drops After Merck KGaA Secures $11.3 Billion Purchase 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move today.

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<v Speaker 3>We can do that with Bloomberg's Avalon for now, Avlon.

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<v Speaker 3>What are you looking at today?

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<v Speaker 2>You have to start off with Micron. That's ticker MU

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<v Speaker 2>currently climbing about eleven percent, though earlier today it did

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<v Speaker 2>touch a record high, and that's up to a memory

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<v Speaker 2>chip maker. Gave a stronger than expected outlook for the

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<v Speaker 2>fiscal fourth quarter. While Street was really looking for Micron

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<v Speaker 2>to bring more assurance for the AI trade, and it

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<v Speaker 2>seems like it succeeded. It even got an upgrade from

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<v Speaker 2>Ersta Group, who said that the stock is still reasonably

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<v Speaker 2>valued despite its recent bull run.

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<v Speaker 3>All right, let's talk a little Dell, because sort of

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<v Speaker 3>below the radar here, but the stock's getting hit today

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<v Speaker 3>and it's one of the biggest losers right for the

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<v Speaker 3>S and P five hundred.

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<v Speaker 2>You're absolutely correct. That is ticker Dell currently sliding about

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<v Speaker 2>seven point four percent, making the company, as you said,

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<v Speaker 2>one of the worst performers and that's after GF Securities

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<v Speaker 2>downgraded the computer stock to hold from buy. At issue

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<v Speaker 2>is the more than two hundred percent rally since Dell

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<v Speaker 2>reported fourth quarter results in February. The analyst Jeff Poo

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<v Speaker 2>sees limited upside for Dell now given those really elevated expectations,

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<v Speaker 2>and he also says it's potentially just an uncompelling risk

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<v Speaker 2>reward right now.

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<v Speaker 1>Okay, what are you have?

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<v Speaker 3>Bio technee technique? Yes, okay, not at anything that we mentioned.

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<v Speaker 2>No, Yes, that is ticker tech and you're probably not

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<v Speaker 2>going to hear it that often anymore.

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<v Speaker 1>Now.

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<v Speaker 2>That has been bought by Merk KGaA that is the

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<v Speaker 2>German mark, not the US merk. It's currently surging about

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<v Speaker 2>nineteen percent most inter day since twenty twenty four, and

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<v Speaker 2>it was purchased for about eleven point three billion dollars.

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<v Speaker 2>This acquisition will help to expand Merks Life Sciences franchise.

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<v Speaker 2>And what is kind of important, though, is that the

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<v Speaker 2>Walls Street remains very split about this. William Blair views

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<v Speaker 2>the valuation as a bit disappointing, but says that regulatory

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<v Speaker 2>risk may have complicated other bids for this company. Still,

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<v Speaker 2>others are saying that the portfolios are very complimentary, so

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<v Speaker 2>it could be a good.

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<v Speaker 3>Fit the largest acquisition for MERK Germany in like a decade.

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<v Speaker 2>You're absolutely right, yes.

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<v Speaker 1>The Stockmovers Report from Bloomberg Radio. Check back with us

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