Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Tipstadvac along with Carol Master. Let's take a look
Speaker 3: at some stocks on the move today. We're joined by
Speaker 3: Bloomberg News Equities reporter Bailey Lipshaltz. Bailey, there is some
Speaker 3: stuff moving in the after hours.
Speaker 4: Some stuff moving in the after hours. We're talking about
Speaker 4: Lulu Lemon ticker l u l U down about one percent,
Speaker 4: so not really a big move, okay, but this comes
Speaker 4: after giving a week outlook, adding to their uncertainty around
Speaker 4: the company. This is one of the worst performers in
Speaker 4: the S and P five hundred on a trailing twelve
Speaker 4: month basis down fifty one percent, so bottom ten company.
Speaker 4: One thing, obviously has been the path forward for the
Speaker 4: company founder Chip Wilson, fueling pushing for strategic changes, though
Speaker 4: they did add a different chip to the board, former
Speaker 4: Levistrous CEO.
Speaker 1: Chip Berg close the cigar.
Speaker 4: I don't know if you guys know a lot of chips.
Speaker 4: I don't know many chips, but apparently.
Speaker 1: I'm with the Chip. Actually at Charles, but we call
Speaker 1: them chip.
Speaker 3: Let the chips fall where they may.
Speaker 1: Yes we can, but anyway, you're right, investors. We'll see
Speaker 1: if we get anything more on the call with the
Speaker 1: investors in analys in terms of what's next for this company.
Speaker 1: Let's go to Eli Lilly take our ly.
Speaker 4: Down about six percent on the day, closing at the
Speaker 4: lowest level since early November. I don't know which the
Speaker 4: driver was, so we were debating this on the desk.
Speaker 4: It was downgraded to sell at HSBC, talking about obesit
Speaker 4: drug price cuts, uncertainty, going kind of head ahead with
Speaker 4: Novo Nordis. But we did also get some data though
Speaker 4: it was debated from Structure Therapeutics late Monday that showed
Speaker 4: its weight loss pill still in early development stages, but
Speaker 4: Beimo came out calling it a highly competitive update for
Speaker 4: rival medicines. So it seems like it's one of those
Speaker 4: kind of debates around what the ultimate mode is in
Speaker 4: the long term.
Speaker 3: I'm going to go more with the former rather than
Speaker 3: the latter and say that it's HSBC downrad This is
Speaker 3: the loans out sell from an analyst tracked by Bloomberg.
Speaker 4: So you you put value in what the cell side
Speaker 4: tells us.
Speaker 3: I do I mean the target price is eight to fifty.
Speaker 3: It's trading at nine thirty right now.
Speaker 1: This has been on a tear.
Speaker 3: It has been on a tear. This is almost let's see,
Speaker 3: that is a street low.
Speaker 4: We got to be if you're gonna be celerated, you
Speaker 4: have to be the only one who says that it's
Speaker 4: going to at least fall.
Speaker 3: Yeah. Rothschild is neutral at eight seventy five.
Speaker 1: Thirty second, Oh sorry, let's get at Trade Desk.
Speaker 4: T t TTD down more than seven percent. This came
Speaker 4: after a report that publicists basically told clients to avoid
Speaker 4: working with them. They are an ad tech company, so
Speaker 4: not great news. We did see a couple of analysts
Speaker 4: weighing in what's some bearish takes and one that stood
Speaker 4: out to me with Scotia Bank saying, some of the
Speaker 4: latest news really putting it. Putting it this way quote
Speaker 4: looks less like a rough patch and more like competitive
Speaker 4: share loss.
Speaker 1: Got this one killed last year and down this year.
Speaker 2: This stock Movers report from Bloomberg Rady. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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