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: Stock's on the Move. I'm Charlie Palot joining us now
Speaker 1: Bloomberg Equities reporter Natalia Kenivachevich, who is here to discuss
Speaker 1: a number of stocks that are moving. And I do
Speaker 1: want to begin with the gift that keeps on giving, Natalia,
Speaker 1: that is WBD Warner Brothers Discovery. What's happening with the
Speaker 1: stock today, Charlie.
Speaker 3: So, the stock is down by one point four percent
Speaker 3: to day after reports from The New York Post saying
Speaker 3: that Paramount Skuidance could walk away from its thirty per
Speaker 3: sure cash bit and instead it could litigate against the
Speaker 3: company's board for how it handled the process. People inside
Speaker 3: Paramount Skuidance told The New York Post that they want
Speaker 3: allergy that directors and management ignored their six to all
Speaker 3: cash offer for the company and actually favored Netflix's cash
Speaker 3: stock bits throughout the bidding process. But as of now,
Speaker 3: we are still waiting, and we have time until late
Speaker 3: January until investors would make a decision.
Speaker 1: And what I read between the lines on this as well.
Speaker 1: We've got a weekend coming up for a lot of people.
Speaker 1: I'm betting that the bankers are going to be working
Speaker 1: over the weekend for any developments come Monday.
Speaker 3: Absolutely, I'm sure that next week we hear more news
Speaker 3: on this potential deal.
Speaker 1: So switching gears now from Warner Brothers Discovery over to
Speaker 1: Sable Offshore. Sooc on the ticker. What's going on with Sable?
Speaker 3: So we have this news development. So on December twenty third,
Speaker 3: the stock jumped by almost thirty seven percent after US
Speaker 3: regulators issued an emergency special permit for a part of
Speaker 3: that can tested California pipeline, which would pave the way
Speaker 3: for Sable Offshore to begin pumping crude at its offshore
Speaker 3: oil rigs. But today we got news that Environmental Defense
Speaker 3: Center and Center for Biological Diversity filed an emergency motion
Speaker 3: to hold the restart of this contested California pipeline. Environmental
Speaker 3: groups are saying that restarting the pipeline would invite invite
Speaker 3: another oil disaster on the Central Coast. So that is
Speaker 3: why the stock is done by almost thirteen percent today.
Speaker 3: And again this is still in process and we may
Speaker 3: hear more news maybe early next year or maybe even
Speaker 3: next week.
Speaker 1: So we switch gears now from Sable Offshore, one of
Speaker 1: two downstocks today, over to a retailer that is moving
Speaker 1: higher and that is Target. What's going on there right?
Speaker 3: So the Target TGT shares are up by two point
Speaker 3: seven percent today after Findial Times reported that an activist
Speaker 3: investor built a stake in the big box retailer. They,
Speaker 3: citing people familiar with the matter, the ft said that
Speaker 3: Tom's Capital Investment Management made a significant investment in Target
Speaker 3: without disclosing any details in response to this request for
Speaker 3: a common target set, that it maintains quote a regular
Speaker 3: dialogue with investment community and it has a priority to
Speaker 3: get back to growth anyway. Despite this game, today we
Speaker 3: see that the stock is down by almost thirty percent
Speaker 3: on a year today basis.
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