Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Just take over to some of the stats on the
Speaker 2: move today.
Speaker 1: We can do that with Julie L.
Speaker 2: Groove.
Speaker 1: She's a reporter for Bloomberg News, joining us here in studio.
Speaker 2: Judy, what are you looking at, good morning. I'm looking
Speaker 2: at Oracle first and foremost, certainly biggest news on the
Speaker 2: market today. Oracles down on today's trading as much as
Speaker 2: thirteen percent, and it is on track for the largest
Speaker 2: percentage drop since January twenty twenty five. The stock itself
Speaker 2: is up three percent year to date as of yesterday's
Speaker 2: closed And as sort of a lot of us know,
Speaker 2: Oracle of course reported and then they're quarterly capital expenses
Speaker 2: were higher than estimates. But what really has sticking out
Speaker 2: to the market is that while the revenue is growing great,
Speaker 2: it's really not growing as fast as the market is expecting.
Speaker 2: And that stock movement is reflective of that sentiment.
Speaker 1: Sounds good. What's the second stock you're looking at?
Speaker 2: Sure on the heels of the upcoming space. That's IPO,
Speaker 2: A lot of really satellite space oriented companies are on
Speaker 2: our eyes today, so we're looking at red Wire in particular.
Speaker 2: Red Wire is up as much as eleven percent on
Speaker 2: today's trading, and this is really in a basket of
Speaker 2: other again rocket satellite and space memes, so Firefly, Ast
Speaker 2: Space Mobile, Black Sky Technology, Rocket Lab. But red Wire
Speaker 2: in particular is a focus because they filed for a
Speaker 2: possible five hundred million dollar offering of shares on Tuesday.
Speaker 2: So again, a lot of action happening in the space
Speaker 2: space and that's what we're looking at for sure in
Speaker 2: that area.
Speaker 1: Writing the coattails of SpaceX absolutely, why why not AMC?
Speaker 2: Absolutely? I love a good memes stock story. I will
Speaker 2: always always perk my ear up when I hear AMC.
Speaker 2: And AMC is up eight point seven as much as
Speaker 2: eight point seven percent on the day. It's on track
Speaker 2: for the highest intra day price since December. The stock itself,
Speaker 2: I think is really impacted by summer blockbuster movies that
Speaker 2: are coming up, so the Odyssey, Toy Story five Scary Movie,
Speaker 2: and AMC also themselves raised one hundred and fifty million
Speaker 2: dollars through a market equity offering, selling one hundred and
Speaker 2: five million cheers, so definitely a lot of action there,
Speaker 2: both in the movie theaters themselves and in the market.
Speaker 1: For AMC today, the Stock Movers Report from Bloomberg Radio.
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