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 1: Let's see where some of the action is with some
Speaker 1: of the individual stocks here today Stock Movers with normal Linda, Well.
Speaker 3: Let's take a look at chairs of Palenteer. This has
Speaker 3: been a company that's been focused today. People have been
Speaker 3: really heavily scrutinizing this company. This is ticker PLTR. Here's
Speaker 3: falling as much as ten percent since the worst day
Speaker 3: since May. And this is not because the company reported
Speaker 3: poor results or you know, missed expectations. This is actually
Speaker 3: a stock a company that has not missed expectations for
Speaker 3: twenty one consecutive quarters. We've seen beats back to back
Speaker 3: for this company. But people are starting to wonder about
Speaker 3: whether or not valuations could be too stretched for this company,
Speaker 3: especially as we think about the AI landscape, and especially
Speaker 3: if you dig deeper into some of the numbers, and
Speaker 3: if you look at price of sales ratio on a
Speaker 3: trailing basis, it's sitting at eighty five, which is the highest,
Speaker 3: and the S and P five hundred, So you are
Speaker 3: starting to see widespread concern here about the fact that
Speaker 3: maybe valuations are two stretched for Palenteer.
Speaker 1: Yeah, Michael Burry ha Scion Asset Management disclosed bearish wagers
Speaker 1: on Nvidia and Pallenteer technologies just days after the hedge
Speaker 1: fund manager posted in cryptic warning to retail investors about
Speaker 1: market exuberance. So there's a bear call out there. You
Speaker 1: haven't seen too many of them, you've seen mister Ted
Speaker 1: Pick of Morgan Stanley, Mister Solomon Golden Sachs CEO's there
Speaker 1: kind of weighing in on maybe some evaluation concerns in
Speaker 1: the market place of bupple.
Speaker 2: That's the question that everyone wants to.
Speaker 1: The answer to Pollenteer feeling the pain here today, what
Speaker 1: else do you get for us?
Speaker 3: Well, let's look at shares of Novo Nordisk and Met
Speaker 3: Sarah so Novo Nordous this is the ADRs. We're looking
Speaker 3: at taker Vo and Met Sarah MTSR. So we're seeing
Speaker 3: shares of Met Sarah hitting their eyest level on record,
Speaker 3: rising as much as eighteen percent. And this is after
Speaker 3: Pfizer and Novo Nordous boost of their bids for the company.
Speaker 3: As the ongoing battle for the obs the startup has
Speaker 3: really been intensifying ahead of a court battle that is
Speaker 3: set for Tuesday. This is really underscoring a lot of
Speaker 3: the surging interests in one of the fasting, fast growing
Speaker 3: areas in medicine. So you really are seeing the street
Speaker 3: really just trying to analyze the current situation. If you
Speaker 3: look at shares of met Sarah up about seventeen percent
Speaker 3: so far as we're taking a look, and Novo Nordists
Speaker 3: shares down about forty three percent year to date, down
Speaker 3: about nine tens oven percent.
Speaker 1: Right now, that's a good old fashioned m and a
Speaker 1: kind of street fight out there over this asset here.
Speaker 1: But in the obesity drug world, you have to be
Speaker 1: in it. It seems like if you're a big diversified
Speaker 1: farmer company, it kind of have to be in it.
Speaker 3: Yeah. I was also looking at Hymns and Hers. They're
Speaker 3: rising after saying that they're in talks with Novo Nordists
Speaker 3: to sell it's upcoming obesity pill. So as you're mentioning,
Speaker 3: clearly a lot of people thinking about that space right now.
Speaker 1: Okay, one more.
Speaker 3: Lastly, looking at shares of Spotify, this company and Focus
Speaker 3: that's ticker spot here's falling for their lowest since May,
Speaker 3: down as much as six point four percent, and this
Speaker 3: is after they've reported active use and sales in the
Speaker 3: third quarter that beat expectations, but we did see ad
Speaker 3: supported revenue that well.
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