1 00:00:02,480 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:16,520 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:19,360 Speaker 3: I'm Tipstadvac along with Carol Master. Let's take a look 5 00:00:19,400 --> 00:00:21,160 Speaker 3: at some stocks on the move today. We're joined by 6 00:00:21,160 --> 00:00:24,840 Speaker 3: Bloomberg News Equities reporter Bailey Lipshaltz. Bailey, there is some 7 00:00:24,880 --> 00:00:27,040 Speaker 3: stuff moving in the after hours. 8 00:00:27,120 --> 00:00:29,360 Speaker 4: Some stuff moving in the after hours. We're talking about 9 00:00:29,440 --> 00:00:33,040 Speaker 4: Lulu Lemon ticker l u l U down about one percent, 10 00:00:33,080 --> 00:00:35,240 Speaker 4: so not really a big move, okay, but this comes 11 00:00:35,280 --> 00:00:38,520 Speaker 4: after giving a week outlook, adding to their uncertainty around 12 00:00:38,520 --> 00:00:40,199 Speaker 4: the company. This is one of the worst performers in 13 00:00:40,240 --> 00:00:42,760 Speaker 4: the S and P five hundred on a trailing twelve 14 00:00:42,840 --> 00:00:47,239 Speaker 4: month basis down fifty one percent, so bottom ten company. 15 00:00:47,520 --> 00:00:49,479 Speaker 4: One thing, obviously has been the path forward for the 16 00:00:49,520 --> 00:00:53,720 Speaker 4: company founder Chip Wilson, fueling pushing for strategic changes, though 17 00:00:53,720 --> 00:00:56,880 Speaker 4: they did add a different chip to the board, former 18 00:00:57,400 --> 00:00:58,680 Speaker 4: Levistrous CEO. 19 00:00:58,520 --> 00:01:00,600 Speaker 1: Chip Berg close the cigar. 20 00:01:00,800 --> 00:01:02,440 Speaker 4: I don't know if you guys know a lot of chips. 21 00:01:02,440 --> 00:01:04,160 Speaker 4: I don't know many chips, but apparently. 22 00:01:03,800 --> 00:01:06,000 Speaker 1: I'm with the Chip. Actually at Charles, but we call 23 00:01:06,080 --> 00:01:06,440 Speaker 1: them chip. 24 00:01:06,560 --> 00:01:07,840 Speaker 3: Let the chips fall where they may. 25 00:01:08,040 --> 00:01:10,440 Speaker 1: Yes we can, but anyway, you're right, investors. We'll see 26 00:01:10,480 --> 00:01:12,640 Speaker 1: if we get anything more on the call with the 27 00:01:12,680 --> 00:01:16,120 Speaker 1: investors in analys in terms of what's next for this company. 28 00:01:16,840 --> 00:01:19,160 Speaker 1: Let's go to Eli Lilly take our ly. 29 00:01:19,240 --> 00:01:21,440 Speaker 4: Down about six percent on the day, closing at the 30 00:01:21,440 --> 00:01:24,280 Speaker 4: lowest level since early November. I don't know which the 31 00:01:24,360 --> 00:01:26,640 Speaker 4: driver was, so we were debating this on the desk. 32 00:01:27,080 --> 00:01:30,280 Speaker 4: It was downgraded to sell at HSBC, talking about obesit 33 00:01:30,440 --> 00:01:33,600 Speaker 4: drug price cuts, uncertainty, going kind of head ahead with 34 00:01:33,760 --> 00:01:36,240 Speaker 4: Novo Nordis. But we did also get some data though 35 00:01:36,240 --> 00:01:39,880 Speaker 4: it was debated from Structure Therapeutics late Monday that showed 36 00:01:39,880 --> 00:01:42,800 Speaker 4: its weight loss pill still in early development stages, but 37 00:01:42,880 --> 00:01:45,959 Speaker 4: Beimo came out calling it a highly competitive update for 38 00:01:46,040 --> 00:01:48,280 Speaker 4: rival medicines. So it seems like it's one of those 39 00:01:48,360 --> 00:01:51,680 Speaker 4: kind of debates around what the ultimate mode is in 40 00:01:51,720 --> 00:01:52,440 Speaker 4: the long term. 41 00:01:52,520 --> 00:01:54,920 Speaker 3: I'm going to go more with the former rather than 42 00:01:54,920 --> 00:01:59,120 Speaker 3: the latter and say that it's HSBC downrad This is 43 00:01:59,160 --> 00:02:03,640 Speaker 3: the loans out sell from an analyst tracked by Bloomberg. 44 00:02:03,920 --> 00:02:07,240 Speaker 4: So you you put value in what the cell side 45 00:02:07,320 --> 00:02:08,120 Speaker 4: tells us. 46 00:02:08,000 --> 00:02:10,040 Speaker 3: I do I mean the target price is eight to fifty. 47 00:02:10,040 --> 00:02:11,640 Speaker 3: It's trading at nine thirty right now. 48 00:02:11,720 --> 00:02:13,240 Speaker 1: This has been on a tear. 49 00:02:13,400 --> 00:02:16,359 Speaker 3: It has been on a tear. This is almost let's see, 50 00:02:16,600 --> 00:02:17,720 Speaker 3: that is a street low. 51 00:02:18,160 --> 00:02:20,000 Speaker 4: We got to be if you're gonna be celerated, you 52 00:02:20,040 --> 00:02:21,480 Speaker 4: have to be the only one who says that it's 53 00:02:21,480 --> 00:02:22,280 Speaker 4: going to at least fall. 54 00:02:22,400 --> 00:02:25,840 Speaker 3: Yeah. Rothschild is neutral at eight seventy five. 55 00:02:25,760 --> 00:02:28,240 Speaker 1: Thirty second, Oh sorry, let's get at Trade Desk. 56 00:02:28,040 --> 00:02:31,200 Speaker 4: T t TTD down more than seven percent. This came 57 00:02:31,240 --> 00:02:34,720 Speaker 4: after a report that publicists basically told clients to avoid 58 00:02:34,760 --> 00:02:36,760 Speaker 4: working with them. They are an ad tech company, so 59 00:02:37,440 --> 00:02:39,600 Speaker 4: not great news. We did see a couple of analysts 60 00:02:39,600 --> 00:02:42,120 Speaker 4: weighing in what's some bearish takes and one that stood 61 00:02:42,120 --> 00:02:44,480 Speaker 4: out to me with Scotia Bank saying, some of the 62 00:02:44,520 --> 00:02:48,360 Speaker 4: latest news really putting it. Putting it this way quote 63 00:02:48,480 --> 00:02:51,239 Speaker 4: looks less like a rough patch and more like competitive 64 00:02:51,280 --> 00:02:52,080 Speaker 4: share loss. 65 00:02:52,160 --> 00:02:55,280 Speaker 1: Got this one killed last year and down this year. 66 00:02:57,200 --> 00:03:01,200 Speaker 2: This stock Movers report from Bloomberg Rady. Check back with 67 00:03:01,280 --> 00:03:03,880 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:03,919 --> 00:03:07,040 Speaker 2: making news on Wall Street and for the latest market 69 00:03:07,080 --> 00:03:11,560 Speaker 2: moving headlines, Listen to Bloomberg Radio Live. 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