WEBVTT - Oracle Drops, Redwire Rises, AMC Gains as Price Target Raised

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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>Just take over to some of the stats on the

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<v Speaker 2>move today.

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<v Speaker 1>We can do that with Julie L.

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<v Speaker 2>Groove.

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<v Speaker 1>She's a reporter for Bloomberg News, joining us here in studio.

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<v Speaker 2>Judy, what are you looking at, good morning. I'm looking

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<v Speaker 2>at Oracle first and foremost, certainly biggest news on the

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<v Speaker 2>market today. Oracles down on today's trading as much as

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<v Speaker 2>thirteen percent, and it is on track for the largest

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<v Speaker 2>percentage drop since January twenty twenty five. The stock itself

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<v Speaker 2>is up three percent year to date as of yesterday's

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<v Speaker 2>closed And as sort of a lot of us know,

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<v Speaker 2>Oracle of course reported and then they're quarterly capital expenses

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<v Speaker 2>were higher than estimates. But what really has sticking out

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<v Speaker 2>to the market is that while the revenue is growing great,

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<v Speaker 2>it's really not growing as fast as the market is expecting.

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<v Speaker 2>And that stock movement is reflective of that sentiment.

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<v Speaker 1>Sounds good. What's the second stock you're looking at?

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<v Speaker 2>Sure on the heels of the upcoming space. That's IPO,

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<v Speaker 2>A lot of really satellite space oriented companies are on

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<v Speaker 2>our eyes today, so we're looking at red Wire in particular.

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<v Speaker 2>Red Wire is up as much as eleven percent on

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<v Speaker 2>today's trading, and this is really in a basket of

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<v Speaker 2>other again rocket satellite and space memes, so Firefly, Ast

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<v Speaker 2>Space Mobile, Black Sky Technology, Rocket Lab. But red Wire

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<v Speaker 2>in particular is a focus because they filed for a

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<v Speaker 2>possible five hundred million dollar offering of shares on Tuesday.

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<v Speaker 2>So again, a lot of action happening in the space

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<v Speaker 2>space and that's what we're looking at for sure in

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<v Speaker 2>that area.

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<v Speaker 1>Writing the coattails of SpaceX absolutely, why why not AMC?

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<v Speaker 2>Absolutely? I love a good memes stock story. I will

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<v Speaker 2>always always perk my ear up when I hear AMC.

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<v Speaker 2>And AMC is up eight point seven as much as

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<v Speaker 2>eight point seven percent on the day. It's on track

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<v Speaker 2>for the highest intra day price since December. The stock itself,

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<v Speaker 2>I think is really impacted by summer blockbuster movies that

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<v Speaker 2>are coming up, so the Odyssey, Toy Story five Scary Movie,

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<v Speaker 2>and AMC also themselves raised one hundred and fifty million

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<v Speaker 2>dollars through a market equity offering, selling one hundred and

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<v Speaker 2>five million cheers, so definitely a lot of action there,

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<v Speaker 2>both in the movie theaters themselves and in the market.

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<v Speaker 1>For AMC today, the Stock Movers Report from Bloomberg Radio.

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<v Speaker 1>Check back with us throughout the day for the latest

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<v Speaker 1>roundup of companies making news on Wall Street and for

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<v Speaker 1>the latest market moving headlines. Listen to Bloomberg Radio Live,

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