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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: I'm Tim Steneveek along with Carol Master. Let's take a

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Speaker 1: look at some stocks on the move today with us

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Speaker 1: as Bloomberg News Equities reporter and Deputy team leader for

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Speaker 1: US Equities Carmen Ryanikey Carmen lot to choose from on

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Speaker 1: the upside and the downside as we get close to

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Speaker 1: the end of the trading day. What's on your radar?

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Speaker 3: Yeah, so the first one I'm looking at is Oracolene.

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Speaker 3: You're saying tech share is looking really good today. This

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Speaker 3: is one that we're definitely seeing getting a little bit

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Speaker 3: of a boost, maybe a rebound from the software saf

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Speaker 3: that we saw last week. So ticker orcl shares her

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Speaker 3: up about eleven percent right now. This is the most

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Speaker 3: sense September tenth for this stock. It's been pretty beaten

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Speaker 3: up lately. It looks like there's just enthusiasm around all

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Speaker 3: of this capex that we're seeing sort of pledged from

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Speaker 3: the biggest companies, you know, Amazon, Microsoft, Google, and there's

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Speaker 3: also an upgrade on this today, So DA Davidson analyst

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Speaker 3: Gileria upgraded the stock to buy from neutral. He also

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Speaker 3: noted that the firm is feeling more optimistic about the

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Speaker 3: company's relationship with open Ai. So that's something that's kind

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Speaker 3: of come into question previously for the stock, just if

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Speaker 3: those deals were going to, you know, be beneficial overall.

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Speaker 4: You know what's really wild too, is, yeah, Bernstein cut

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Speaker 4: their price target on the stock. It's like, I feel

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Speaker 4: like there were a bunch of a fair amount of

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Speaker 4: maybe a few other analysts, but you're right, it's like

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Speaker 4: the streets focusing on what we got from DA Davidson

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Speaker 4: and what they had to say. So I just find

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Speaker 4: that I don't know.

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Speaker 1: Well, shameless plug for one of our chats last week

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Speaker 1: with Guillaria, he joined us. Yeah yeah, check it out

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Speaker 1: on the podcast feed.

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Speaker 4: Yeah, he's super interesting, right yeah, yeah, all right, all right,

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Speaker 4: So we're keeping a watch an Oracle definitely on the

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Speaker 4: move KD ticker, which.

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Speaker 3: Is kindrel So this was spun off from ib it's

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Speaker 3: an it it's another tech company. So there's a lot

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Speaker 3: going on here. The stock is down about fifty six

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Speaker 3: percent right now. This is a record drop so a

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Speaker 3: few things happened this morning. The company reported earnings that

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Speaker 3: were a little bit less than Wall Street expected, but

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Speaker 3: in addition said there was some leadership changes, so CFO left,

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Speaker 3: general counsel left, and then there was a switch in

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Speaker 3: one other leadership position.

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Speaker 2: And still this year.

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Speaker 3: They also said the company received a voluntary documents review

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Speaker 3: from the US Securities Exchange Commission's Division of Enforcements, so

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Speaker 3: they're reviewing a lot of their financial practices. They're saying

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Speaker 3: that they don't anticipate any financial impact from this, but

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Speaker 3: they have delayed some of quarterly filings and say that

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Speaker 3: they are expecting to report material weakness in the quarter

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Speaker 3: full fiscal year and the first two quarters of their

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Speaker 3: fiscal twenty twenty six.

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Speaker 1: And they also missed earing next today exactly.

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Speaker 3: Right, Well that was the first thing, you know, that

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Speaker 3: they missed earnings, but there was a lot of other

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Speaker 3: things going on AFRO exactly.

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Speaker 1: That's what people are focused on.

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Speaker 4: Well, I'm like, it's down so much here to date,

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Speaker 4: that's because of the slide today.

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Speaker 1: Yeah, but this was so this was spun off from

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Speaker 1: IBM back in twenty twenty one and sort of like

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Speaker 1: the legacy services business but yeah, I decline of more

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Speaker 1: than fifty percent, and at one point a trading volatility

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Speaker 1: pause too.

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Speaker 3: Yeah, it was paused on the downside and then actually

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Speaker 3: back up on the upside. And now yeah, trading off

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Speaker 3: of the very very lows of the day. But record,

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Speaker 3: I mean it also, you know, got a downgrade today

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Speaker 3: from JP Morgan. So just a lot of negative catalysts.

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Speaker 4: I know you have those mondays where you're like, I

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Speaker 4: just didn't have come to work. I should point out

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Speaker 4: it was down twenty three percent last year. In twenty

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Speaker 4: twenty four, it was up sixty six percent. In twenty

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Speaker 4: twenty three, it was up almost eighty seven percent. So

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Speaker 4: it has had a run, but certainly not the case

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Speaker 4: so far this year. And now to a name that

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Speaker 4: I feel like we're all thinking about post super Bowl

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Speaker 4: because they had one of the commercial spots. Maybe we're

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Speaker 4: not all thinking you.

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Speaker 1: Ended up aywashing the whole thing.

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Speaker 4: That's why I'm a little crazy today. Hyms and Hers Health.

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Speaker 3: Yeah, hyms and Hers so ticker each I asked shares

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Speaker 3: are down about nineteen percent right now, most since June.

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Speaker 3: So Nova Nordisk said that it's suing the company for

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Speaker 3: making knockoffs of its OBCD medicines. So Hyms had previously

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Speaker 3: said that it was going to sell sort of a

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Speaker 3: copycat version of the weight loss pill. It said earlier

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Speaker 3: this week ab we were Saturday over the weekend that

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Speaker 3: it's scrapped those plans. It's not going to sell this

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Speaker 3: copycat version. But Novo's still is saying it's going to

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Speaker 3: sue Hymns in hers. So shares are down on that.

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Speaker 3: And actually, let's look, Novo ADRs were up a little

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Speaker 3: bit today when I looked earlier, about five percent.

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Speaker 2: The stock Mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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